My personal opinion is to not put anything down and instead save for closing costs and unexpected but expected repairs.

I flew in unexpectedly to confirm and subsequently fired him. 

The cost of this ~two-hour mentorship was the price of a nice sushi meal (which the unexpected mentor offered to split.)

Unexpected issues can pop up, potentially leading to budget overruns.

If you don’t address these issues at the acquisition stage, you could end up with significant unexpected costs and delays, i.e. buyers not closing on your deal!

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

Hello Bruce,It's not about interest rates, its about yields and principal risk.In investments you have market risk and idiosyncratic risk.When we think on quantifying these risks and assigning a discount rate, we can look at 2 components.

.- Budget carefully: Include a contingency fund for unexpected issues.- Focus on high-ROI improvements: Prioritize renovations that add the most value.- Document everything: Keep detailed records of expenses, work completed, and agreements.- Consider liability protection: Look into forming an LLC or other business entity.Starting with cash is a smart move to minimize risk and learn the process.

A major component our luxury STR clients the moment are loan terms.

This gives you the dry powder you need if a good deal comes along or unexpected expenses and you keep the existing low mortgage rates and do not increase your payment until you use the HELOC.Consider how you could increase the cash flow on the existing properties and if you have the means to pay off one of the houses to increase the monthly cash flow that way.