This way, they can continue to receive steady monthly income without the headaches and responsibilities of managing the property themselves.Of course, I always recommend sellers consult with their accountant to fully understand the tax benefits, but many I’ve worked with have found this to be an appealing option.

One closed shop 3 weeks into my program and removed all their online content.

Most professionals will recommend a separate LLC for every $1 million in assets but I don't think that's necessary.

Any insights or recommendations would be greatly appreciated!

I wouldn't recommend getting a loan for a down payment but if you do be careful cause your DSCR might not cashflow as well.Let me know if you want to discuss this any further or have any other questions.Best,Jackson

I’d appreciate some feedback on my current approach and advice if any.Here’s what I’ve done so far:Pre-Approval: I’ve secured a pre-approval amount and interest rate from an online mortgage lender.Property Analysis: I’m using the mortgage and STR calculators from BiggerPockets to assess the financials for potential properties.Neighborhood Research: I’ve been exploring different neighborhoods using Niche to get insights into schools, safety, and livability.AirDNA: I’m considering subscribing to AirDNA for data on occupancy rates and rental income estimates.Questions:Is AirDNA worth the investment for STR data?

Quote from @Simon Ashbaugh: Hey Anna, Cleveland actually has a strong Section 8 market with high demand from voucher holders.

@Stuart Udis can you send me any architect recommendations?

Am I shooting to high?  

For now, I’d recommend further honing in on your niche to help you identify the right properties for your goal.