I work with several real estate developers across the country and they all do it differently.My suggestion is to find a property type and an area/neighborhood/city/market that you are drawn to and plot your course from there.As for the amount of money you'll need, it's gonna be mostly driven off the purchase price of the property.

I purchased a rental unit and did some private funding in 2016, and I will probably expand this business by doing more deals.

Cleveland and Dayton can be great markets for high cash flow and low purchase prices, but you need to be careful when navigating the neighborhoods so you're not buying in a D/F class area where no property managers will manage and where you'll never see any positive cash flow.

Im looking at purchasing a duplex in middletown, Ohio.

My plan is to sell my primary home in New York and purchase a house to live in South Carolina.

Purchase price: $530,000 Cash invested: $100,000 My journey into short-term rentals began after years of investing in long-term properties, but it was a podcast that opened my eyes to the incredible potential returns of STRs.

Santarelli allegedly purchased from a government auction from the bankruptcy trustee and relaunched online.

Recently purchased a new property with an upstairs attic studio.

She has quite a bit of experience regarding investment real-estate purchases.

Purchase price: $380,000 Cash invested: $135,000 Annual rental to be turned into STR when tenant vacates What made you interested in investing in this type of deal?