Lesson: if you do not have two separate guest stays completed in 2024, there is no way to meet your 7-day test.

List of all items remodeled and how much they cost and the comps in the area (some appraisers come from out of the area and you know best what the comps are and numbers are).Other option: if the numbers turn to be tight and you cannot refi, I would think about selling it lower and taking less on the deal to get your hands washed from the project.

Though it was a costly mistake, it was a lesson learned that I'll never forget. 

Eugene could be a great choice for STRs with the university driving consistent demand with college kids + family, and Portland offers year-round potential with its already strong market for both MTR and STR.

110% profit Lessons learned?

They will also be using it for a STR/college style rental property as well.

You should consider skipping college and getting your real estate license if you are super serious about the industry!

Lessons learned?

A big part of succeeding in this game is simply staying in the game.Make sure to take the lessons from this experience so it’s not in vain:•Always keep reserves.

I had the same lessons learned from BRRRR's and flips I've done in the past: they almost always go over time and over budget!