Example: How much is a 3/2 1200 sq. ft. brick ranch house with a carport built in the 1970s that is in good condition renting for?

Creating an LLC from the get go and purchasing properties through it would exclude you from utilizing this financing.I run a $40 Million portfolio in the Cleveland area & I can tell you even at that scale the risk of a life changing lawsuit is incredibly low, especially if you are acting like a responsible property owner.

The costs for my recent project have been close, except for air conditioning (which was stratospheric for my location).  

So, while my research did not find any rental restrictions for STRs I did not discover that they couldn't give me a business license (before we bought the house.)After talking with the City Planner about the situation he told me I could go through the same process that a hotel or B&B does (approval process for Certificate of Conditional Use) but it basically comes down to a City Council meeting which is a public hearing.We discussed the fact that there already were people operating STRs in the city (and obviously not paying taxes to the city since they would not have a business license). 

The house was in immaculate condition, and the extra land, which was NOT a subdivided lot was essentially free. 

I will definitely consider this advice and go over the terms and conditions with my partner.

But what I was most proud of was seeing so many people out....stores and restaurants opening (my favorite sushi place was already back up)...and just the return of life and "back to business" attitude that makes Houston such a great city.I already experienced contractors trying to jack up prices...some legit as I know getting materials is more expensive. 

For example, the W-2 income makes life easy when applying for new loans and implementing the BRRRR strategy.

Sometimes life delivers a crazy hand that we are dealt.

in addition I'm in the process of financing a 4 family (on the personal banking side) better terms and conditions.