In addition, I've helped many other investors finance their deals as a mortgage broker.I'm happy to share my experience as both an investor and lender.

* Finally, could you recommend any valuable tools or learning resources?

I intend on sending the tenant a bill for the exact repair cost as "additional rent" (per the lease) instead of evicting in the winter and deducting from the security deposit.

Additional Considerations: Costs & Market Changes•Ongoing Maintenance & Housekeeping: STRs require regular deep cleaning, restocking of supplies, and maintenance.

Otherwise, you may need to replace a water service (13-15k), electrical service (10-15k) and upgrade wiring (This is a tough one, but maybe an additional 8-15k inside).

In addition to being a lender, I am an investor as well so if you want to give me a call so we can discuss your numbers, I'd love to help you out!

In areas with rapid and sustained appreciation, you can use the equity gained through appreciation to purchase additional properties.

Quote from @Account Closed: For someone rebuilding their real estate business and looking to transition into larger multifamily deals, what’s the most effective way to position yourself as a valuable partner in syndications—especially when capital is limited but market knowledge, deal-finding ability, and local expertise are strengths?

Your background as an electrician and experience in general contracting and project management will be incredibly valuable in the real estate world.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.