The last year we increased 5% points in occupancy.Our Marketing spend:                               2024                         2023SEO                       $18,000                 $21,000  Paying to get our website and location occupancy up as fast as possible from 0% to ??

I plan to put a $600 utility cap in the lease.

I'll subto his existing mortgage and pay off the 120k.

I’m exploring the idea of buying a vacation home near Yosemite, which I also plan to list on Airbnb.

The planning process can take a very long time!

.- Managing Multiple Projects Simultaneously: Handling numerous properties at different renovation stages requires effective project tracking, milestone-based contractor payments, and solid contingency plans to navigate potential delays.- Technology & Automation: Utilizing project management software, such as Buildertrend or Monday.com, enables real-time tracking of budgets, schedules, and contractor communications.

"Urged people to withdraw money from 401k/IRA and pay a penalty."

I’m planning to do this for 3 multifamily properties all located in MA, each ranging from 2 to 4 units.

If you don't occupy the property, then you'll have to pay 20% down.

Quote from @Jacob Sherman: Quote from @Kiran Asknani: Hi  All I am new to STR game and am planning to start with investing in Boston area or nearby suburbs as I have spent last 10 years in Boston.