BRRRR is not a great strategy in most markets now because inventory to buy is low so you have to pay more which shrinks your mini-renovation to rent ratio due to rates as well.LLCs are of no use to you now at all unless you are going to run a business through it before investing in real estate for two years.

All we are seeing is mini corrections in over heated markets like Austin, Orlando etc. 

Best of luck,NoahThis response provides clarity on Peter's inquiries while maintaining a supportive tone.4o mini

Extra income a new mini excavator is $50k plus pretty easily can rent alot of machines for that much. 

But remember that for studios, tenants typically would pay their own cable, electric and other utilities and maintenance, so the gap is bigger than just the base rent comparison.Our tenants have the option of paying an extra $10/week to have a mini-fridge in their room, and $10/week for weeks they want a window A/C unit.

Great job helping me out Min! I

I have a duplex near a Mini Mart gas station and people are constantly throwing their trash on my property.

I feel like i just got a mini course in short-term rentals lol. 

@Logan M. another stream of income, if you don't want to have clients finance through banks is financing them yourself and collecting the 12-15% on contract sales.Do you offer any mini storage in any of your communities for an additional income stream?

If not, it's just going to turn into a mini-Chicago.