Ryan so true on the energy cost the tenants in the winter could not afford the heat and the rent.so of course being the great landlord I am I told them no problem don't pay rent for 2.5 months then you can start up again.. well they did not pay rent then just moved out..

I'm looking at about 16k start up cost.

Some of these might require a lot less startup $ than you think, however you should always budget for a reserve.

Once you are ready to BRRRR, then you can look at strategies like applying for a home equity line of credit (HELOC) to provide your startup capital.

@Carra Stokes real estate is not like a startup business in that way you don't get people to give you money for a share of a company because there is nothing proprietary. 

Taxes, tax breaks and business structure, book?Where did you all learn?

Rollover as Business startup; however, I would avoid this situation if you plan to do any type of buy and hold.

:) We love that all we had to pay is a start-up fee, then a monthly membership fee to have access to CPA and attorneys at any time.

Have in the lease where tenant is required to give updated ongoing business and personal financials.Is the daycare operator a franchisee of a large chain like the learning center or mom and pop start up?

There is almost no understanding of CPM out there- Did you know several multimillion dollar coliving start-ups have FAILED b/c they saw the demand for coliving w/out seeing the need for a workable form of coliving property management (see HubHaus, Common, Starling, etc).