Getting the money is about 100x harder than drawing up the paperwork.

Originally posted by @Michael Haas:@Adrian Chu we've been extremely curious about that strategy - essentially "Condo-izing" a single family lot.Was this a hold for you, or did you sell one or both of the units?

How much time should I realistically allot for application/background checks, walkthrough, paperwork return, deposit and first rent collection? 

Essentially, you get to experience real estate investing firsthand, with your tenants helping you cover the costs.Build Long-Term WealthAs your property appreciates in value and your mortgage is paid down by rental income, you’re building equity.

So for the first property which will cost over $1 mil to construct, there will be stacked loans, essentially $280K will come from loan assistance program,( the name is not correct but the same idea).

It's essentially the brrrr strategy but you can use hard money on the front end to get into the deal.

Not essential but I've used it for other things and it's really cool when you are building out a new process, design, or work flow with your team as well.  

Essentially, is it worth it? 

To maximize the tax benefits of STRs, it’s essential to track your time and other people's time spent on the property, avoid staying in the property more than 15 days, and perform a cost segregation study to accelerate depreciation.

Accurate withholding is essential to avoid penalties while optimizing these strategies.This post does not create a CPA-Client relationship.