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

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

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!

I got approved for a HELOAN on my primary property but not sure if I should take the loan to just use as “leverage/reserves” to show the HML and get funded.

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.

I got confused with a lot of the answers on this thread so thought I would confirm for you that the debt your partner gets will not be on your credit report and the debt will not negatively affect your DTI on new mortgage applications.

What I mean is, some investors look strictly at cash on cash return, some look at cap rate, others just want to make sure their mortgage is covered.

To thrive in real estate investing, you must maintain a firm grip on your finances.

Its on, its off, its on, its off.