While you are at it, put the next person on MTM to create some equity in the contract when you have problem in the future.

So far, I don't have any bookings in the near or far future. 

My investor clients are typically happy with a small return right now but are buying on the idea of refinancing and getting future higher cashflow, principal paydown, and appreciation. 

@Srini RajamaniIt's never too late to get started and from your previous experience, you can avoid those same disasters in the future. 

Good investment from both a rental standpoint but also future.  

The lesson learned was to maintain clear communication and proactive scheduling to ensure efficiency for future projects.

Hard Money  = There is nothing wrong with taking a hard money loan at a higher interest rate as long as you have an exit plan and can really drive to a time table to not turn that hard money loan into a long term loanDSCR - Pre-Payment Term: I see a lot of lenders sling out the 5 year pre-payment term to flash the lowest rate which could be an investor in a pickle if they need to do something different with the lending portion of the property in the future.

Financing through a personal loan usually offers better rates and lower costs, but using an LLC builds business credit for future investments.

Quote from @Sumarde Kristoff: im 16 and i wanna learn more about this business, it really inspires me like i wanna do it, so i joined here to learn more about it so in the future it will be easy for me. so what should i learn first?

As a house hacker and future investor, it could help with deal flow, market insights, and direct MLS access, but it does come with time commitments and disclosure requirements.