@Anthony Miller here's something to think about that's not covered in any books!

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Hi Kirk, In 2021, I moved to the Kissimmee area, more specifically Bellalago, a gated resort-style community on the shore of Lake Toho.

The county the property is located in requires 250 gallons of capacity for every bedroom, so 2x 2 bedrooms would have to be on a 1000 gallon tank.

I have an STR and previously did not allow pets on our property out of fear that they would destroy it. 

Between the equity on the condo and the extra cash you have, you can purchase 2-3 homes. 

It's all about risk in the event of a lawsuit, which can also usually be covered by insurance.- If you decide to have an LLC for each property, creating a Management LLC that all the other LLCs "hire" to run their books, will allow you to only require a bank accont for the Management LLC.2) You may not be able to do a Trust.

What the gurus don't tell you is that they are comparing market rents to the GROSS amount of S8 rent on a voucher which INCLUDES LANDORD PAID UTILITIES!

You are competing against other owners who have a much lower basis and/or debt cost to cover.