Hypothetically, if I found a property with strong rental demand, the income could cover loan payments, operating expenses, and generate a modest positive cash flow.While this example involves upfront risks, the idea would be to leverage my father’s expertise as a contractor to minimize renovation costs, boost the property’s value, and create a long-term asset that appreciates over time.

Typically, we conduct background checks on only the individuals who are responsible for the lease (primary resident) and/or cosigners.

VRBO guests seem to be older and more multi-generational, family-oriented (our target market).

Unfortunately I was not able to put much away for retirement most of my life so I was thinking about attempting to buy 4 rental units over the next 4 years with the hopes of building up something that could generate income in 5 to 7 years to supplement my retirement at 68.

Commercial Revenue Generating properties like office buildings, apartment buildings, retail centers, etc (banks call it "CRE" lending) are typically evaluated from their net operating income, not gross.

Then you 2 would agree on how you would split the profits once the property is generating cash flow and the original equity is returned.

BiggerPockets or LinkedIn can also help you connect with like-minded individuals. 

I personally spend about 50K a year in masterminds and always get my money back just through network of individuals you get access to.

If you buy 100 different properties in 2024, they are all individually able to get the ATI.

You have to be a serious individual that takes care business.