New plumbing, electrical, and mechanical behind the walls? 

But by all metrics, and by all accounts on an asset(usually a mechanism that appreciates) leverage is always the wiser tool.

And just keep doing that, let it season.yes, the trick is the same:1. buy house that appreciate double than inflation, double than nationwide average2. put 30-40% LTV3. financing as long as possible.for that to work, we need reserve, that reserve is coming from other money printing system that we have, it could be w2 as cardiologist or car mechanic, but the way is the same.And if someone is really really good , try to raise capital, and do the same (I'm not on this level lol) Btw, Miami appreciation looks super good for next ten years.

I have a mechanical murphy bed product I have used in our vacation rental that people absolutely love!

Just remember that mechanic liens can precede your loan potentially and lien release waivers and onsite inspections of work completed are super important to the release of funds

@James Rodenberg I think everyone should self manage when they start out because 1) starting out you have much smaller margins and saving the PM fee will help you stay afloat as you grow. 2) you learn by doing and you will gain good experience from dealing with tenants and their problems, you'll also learn how the mechanicals of your properties work so you'll understand why problems are occurring.

I got a person on the "special offer" line, who was selling some kind of auto repair package. 

@Collin H.With credit card defaults and auto defaults on the rise as well as overall debt - people will start tightening the belts and first thing they will get rid of is spending on travel and vacations etc So reading this I am not surprised - how has 2024 been compared overall to last year ?

Here are my top picks: (Disclaimer: I personally struggle at using these platforms as often as I should whether it's for real estate or for my auto reconditioning business)Facebook: Great for joining investor groups, keeping connections up to date.LinkedIn: Ideal for networking with other professionals and establishing yourself as an industry expert.Instagram: Perfect for showcasing properties through high-quality photos, videos, and virtual tours.YouTube: Powerful for posting property tours and educational content to attract a wide audience.Twitter: Excellent for sharing real-time updates and engaging in industry discussions.Which social media platforms have you found most helpful for your real estate business? 

(which were commonly 18%+ at the time).The mechanics of getting a cash advance on an unsecured credit line have not changed (much) in forty years.