Originally posted by @Drew Sygit:100% agree with @Jay Hinrichs!

@Mike Sfera as I said originally, if it won't cash flow at 25% down, I would personally not buy it.

@Jonathan Klemm I originate private loans, so I also handle the financing aspect.

First thing to consider is what was the original foundation design and can it hold a second story to a home.

We did a 100% gut/rehab on a 1950's house in 2018 and converted it to a duplex, turned out beautiful, salvaged the original wood floors in parts of the house, put good LVP in the rest, simple plastic mini blinds on every window.

Originally the bank offered 5, I asked for 10.  

I did see it and scheduled the sprinkler installation but heard they are now requiring additional improvements that weren't originally discussed like multiple egresses, changes to pool room doors etc.   

Never believe the original timeline the contractor gives you!

Originally posted by @David Keys:How many properties would you have without a partner? 

STR income will always be dependent on who I managing the property, how nice the finishes and furnishings are, and the actual location of a property within the given city.With my STR in Destin, numbers are more or less the same as last year, perhaps down just a hair.