So now I have both my personal residence and a leased property as STRs.Even though I live 3 hours away from my leased STR property, I've built a team that assists with managing it, so I don't have to be there all the time.Here are some key things I've learned:Regulations: Research the specific STR regulations in the state and city where you're looking to buy.

With the right renovations, we saw it as an ideal project to maximize returns in a growing market, especially with our experienced partner, Seth Choate, by our side.

When it comes to experience I have facilitated my fair share of successful projects, however the point still remains that I did not complete those deals completely independently.

That $3,000 is typically the annual cost for a full service property management option. 

Refinanced in 2023 and cashed out $40,000 to reinvest○ Address -  Mount Laurel NJ. 05054○ Managed by a property manager.○ Purchase Date - 10-15-2020○ Purchase Price - $230,000○ Original CoC 4.8%○ Current CoC 15.04%○ Current Value - $400,000How did you finance this deal?

I currently have a rental property and am looking at getting my real estate license and building a property management and property maintenance company to serve my investments and potentially others.  

Are there property managers who specialize in managing housing for section 8 tenants?

3) Can I rent to my son and also treat him as the property manager? 

A feature that our Pro Members love is the fact that they can manage of all their rental properties for free using RentRedi.

Here is an example with some figures:My LLC total investment = $204,000Partner LLC total investment = $196,000Value of project when complete = $500,000Each LLC value afterwards = $255,000 / $249,000The plan was for me personally to go get the refinance loan because the terms are so much stronger than if I went portfolio with the LLC.Loan total = $300,000 (keeping at 60% or under of value for best terms from the bank)Partner LLC payout = $249,000My LLC payout = $51,000In this scenario, I am struggling to see how to get the remaining equity in the project into my personal name?