It is much better to hit a single or double with the rehab and a triple or home run on the STR.im Josh and I buy more STRs in the Tampa/StPete/Clearwater/Largo/Seminole area than any other agent the past 2 years.  

And as someone that grew up in Missouri, this post caught my eye, particularly because I'd never heard of Lebanon, MO so I had to look it up on Google Maps.

If you can get the first month, last month, and a deposit, even better.

It could be a good choice if you prefer more personal space or want flexibility with different rental terms (like longer stays for remote workers).In general, duplexes are more limited in Austin and can appreciate well, while single-family homes give you future flexibility and a wider tenant pool.

Depending on the value at the time of death and your basis you may need to file a gift tax return.I would speak with a CA attorney to determine the best type of deed to file and a tax professional to gather more information.

The best thing to get started is building your team - a lender and a RE agent who know the Duluth market!

You have received some great recommendations and if you are yet to decide on an Investor friendly to work with, you can send me a DM and see if we are a good fit.I do provide free mentorship and a lot of free resources and connections to anyone I work with especially beginners like you. 

Here are key adjustments:Kitchen ($50k): Likely $60k-$70k for custom cabinetry, quartz, and premium appliances.Bathrooms ($40k): Expect closer to $50k-$60k for four bathrooms with high-end finishes.Flooring ($20k): Likely $25k-$30k for engineered hardwood, refinishing, and tile.Exterior ($12k): More realistically $15k-$18k with landscaping and a quality front door.Misc.

It’s taken a lot of work, and a lot of lessons learned.

And folks that need to do that dont have the capacity to deal with a loan that has been called and a seller that is madder than a wet hornet if you goof up their credit.Then the other major issue glossed over by everyone is there is a minute amount of sellers that will even entertain these transactions and most of the time your paying a premium for the asset.