Buy 🏡The first step is to find an undervalued or distressed property, ideally one that needs some work but has potential.

Who is your ideal guest?  

Ideally I would like to build a new construction that’s smart and functional that I could then rent out not a palace.

This may not be the most ideal answer but for ridiculous things the police departments in my area will inform the tenants not to bother them and it usually ends the situation.

The rental income ideally should cover your expenses, such as the mortgage, taxes, and maintenance, while also leaving you with positive cash flow.Refinance: After the property is stabilized and generating income, you refinance it with a traditional mortgage.

Ideally, closer to the main strip such as some restaurants on Commonwealth or especially on Mount Vernon.We are doing the mid-term rental route on Airbnb.

A 30-year fixed rate offers peace of mind knowing your payments won’t change over time.The longer you hold the property, the more value you'll gain from the lower interest rate, so it’s ideal for a buy-and-hold strategy.3.

I just received a quote from my AC company, these are the two options we received:Option #1: For a 2-stage Rheem heat pump system the total price will be $8,340.00.Option #2: For a single stage Tempstar heat pump system the total price will be $7,280.00.The property is a long-term buy and hold, so we plan on owning for the next 30+ years ideally.

My focus is on properties that are slightly positive in cash flow, while also offering capital appreciation potential, and ideally being self-sustaining in the long run.During a recent visit to LA, I didn’t quite feel confident about the current state of things there.

If you can afford to do so, contribute $22.5k to your 401k (ideally a Roth 401k).