Without a firm base and working familiarity with these three areas the investor will not have the knowledge to analyze, negotiate and close advantageous real estate transactions. 2- Experience - the first few deals are likely to be smaller, harder, with more “surprises” and not as profitable as the investor imagined.

I'm an investor and Realtor based in Central NJ. 

MarttiHi Martti, I’ve done BRRRRs in both Columbus and Cleveland, but I’m based in Columbus.

I'm sure it was highway robbery - it certainly was based on the man-hours it took - but when you are in a desperate situation, you do what you have to do to get yourself out of it.  

I would recommend you begin researching Chicago based meetups as there are a bunch of really good ones.

If that's the case, you should be able to rate/term refinance at ~75% LTV with a DSCR loan, and with some interest-only basis, your payment will go to ~$850 (based on ROUGH pricing TODAY).

@Rami Refaeli I am on the Fort Worth side of the metroplex but the company I work for is based in North Dallas.

Airbnb is very algorithm based and despite the popular opinion its not hard to stay in good standings on the algorithm. 

It's just a pass-through entity so the income would flow on to your personal and you would pay taxes based the tax bracket you fall in for you personal income (from my understanding).

I'm constantly juggling the rates for my Airbnb listings based on what my competitors are charging.