Out-of-pocket is $10k - 4*$506 = $7,976.If we stop here and collect to maturity we have 43 - 4 = 39 payments left on the 1st investment and 48 - 4 = 44 payments left on this new investment.

Even when we became work optional, we still (wife and I) took on another live in flip, got part time jobs, starting cleaning our STRs ourselves rather than hiring cleaners (we're going to stop doing that this summer).

I don't know anything about that space, but it sounds like a helluva grind and time-intensive venture.

What some people on BP don't seem to understand is to stop making the assumption that everyone is not working their best at thisif you have to provide negative comments or any sort of negativity when providing advice, then advice or recommendations shouldn't be your fortéAs i mentioned before.

I would venture to say very few landlords correctly hold their deposits based on local landlord/tenant law but as long as the money doesn't walk away and is not wrongly withheld from tenants its highly unlikely wrongfully storing the funds will become problematic.

This next investment for us will be our first venture into STRs (or even a MTR).

The government has now started creating laws to stop the growth of Airbnb.

Here is a solid example you can adapt for a joint venture (there are differences, beyond just nomenclature, for a partnership and a joint venture): https://templatelab.com/joint-venture-agreement/Again, I would caution use of this document without a professional to review it.

I think that is a fair price and that will help me with my breathing room and hopefully help pay off my place faster, or at least so I can reach 20% equity so I can stop paying $110 a month in PMI haha.I'm obviously going to be checking credit score, making sure tenant has a stable income, no criminal background, etc.

May this year bring you strategic wins and profitable ventures in an evolving market landscape.