You'll want to maintain as few appliances as possible, but not at the expense of extended vacancy.

•Target a property in the $800K–$1M range to maximize leverage while keeping costs manageable.2.Open a Second LLC:•Create a new LLC for this property acquisition to separate liabilities and maintain a clean structure.3.Assign Funds & Organize Finances:•Allocate funds to property improvements, marketing for new deals, and reserves for emergencies.

In addition, 1031 Exchange Qualified Intermediaries are generally not required to be bonded, insured or maintain any other form of minimum equity capitalization.

Stoked to explore more. 

When it comes to selling properties, I firmly believe in maintaining transparency throughout the process.Let me share some insights and experiences regarding this important aspect.● Resident Impact.

I just joined BP pro and im stoked to get started.

Discuss this with the lender before proceeding.Partnership or Joint Venture:Structure the purchase with a partner or entity while maintaining the assumption in your name.This allows you to benefit from the entity's structure while complying with VA loan rules.Entity-Owned Financing:If assuming the VA loan isn’t feasible, explore refinancing into a non-VA loan owned by your entity after the property is acquired.4.

Maintain accurate records to streamline applications.Call to Action:For anyone just starting, remember that building business credit is a marathon, not a sprint.

Murray Hill is a great area that will fit your budget and allow you to maintain occupancy. 

Seems like a lot of folks prefer SFH, but I bought a Townhouse because it seems like it is easier to maintain (HOA covers external, landscaping, and neighborhood amenities).