Or could you set some of the money aside to do some renovations to the property?

Would people recommend that we set up separate LLCs for our individual properties?

I can also help you with a step-by-step guide on how to set the property up for Airbnb with the right team

I am currently in SWFL and as some may know a lot of properties are getting bid up, some with as many as 50 or so bids on one property.I came across a wholesaler who is buying properties at the auctions steps and then has a set fee that he takes for the property.

Rooms need to be a set size for rentals; smaller rooms always rent for more money per sq ft (99% of the time with moderate rentals). 

I am working on construction set.

I have done it both ways with same results.....It can cost significant dollars to get them set up and there is a yearly fee that varies by state but can be pricey, especially once you have several....

You could get cash out to build your basement unit and get two sets of new tenants.

I’m setting up to self manage it…hopefully can at least  maintain the occupancy rate and keep some cash.

Hi Keith,Each methods of deal sourcing – from door knocking, driving for dollars, direct mails, cold calling, agent sourcing, county lists, auctions to on market- deals – come with advantages/disadvantages but they all work.