Fast forward through some vital life experience, I’m back on BP with a desire to jump back into my goal of having a cash-flowing rental portfolio that can help support me.

Holding in an LLC or Trust doesn't hurt, but as is widely discussed in this forum, owning in your own name is often best to maximize debt financing (which itself is a good layer of asset protection). 

It's vital to understand these assessments and budget accordingly.

Therefore, it's vital to calculate these costs before purchasing the property.Seeking the help of a 🏗️construction professional is recommended to create a comprehensive budget that includes hard costs (materials, labor), soft costs (architectural and engineering fees), and contingencies for unexpected expenses.

However, there are several layers to this.First off, you will have a much easier time winning a property with a Conventional loan vs FHA.

The owner of the title company I use holds title to the properties as trustee providing an added layer of privacy.

I hope to join a team/company that the broker helps me as my team leader does, but only with one layer of commission cut, not two layers.BTW, I am part-time.

Establishing a robust financial base is vital, as it echoes your investment aspirations and capacity for risk.

You can also try to rent out the rooms individually for weeknights when demand is lower, but that adds a whole nother layer of complexity and micromanagement and so and so slept in the wrong bed that’s it’s hardly worth it.So let’s say you only had 5 full turnovers at $200 a pop, for $1000 minus $550 management minus $300 bills minus $150 restocking of supplies and incidentals That’s $2000 taken out of your $5500 leaving you a $3500 profit when you could just do LTR at $3250 without adding years to your life Now if I was local, which I was at one point, I could reduce a fair bit of these expenses and improve the systems.

When choosing a city or neighborhood for investment, it’s crucial to consider:Economic drivers: Look for areas with diverse and growing job markets.Population growth: Areas with increasing population tend to have higher demand for housing.Rental yields: Compare the average rent to property prices to gauge potential cash flow.Future developments: Infrastructure projects and new developments can boost property values.Additionally, it's vital to get local insights.