But if you're able to figure it out and get it built, you can rent out the units and essentially BRRRR it and pull some/all of your equity out to repay your debts, yourself, and potentially keep the investment cycle going. 

This property was in rough shape, so I tackled the essentials: new roof, plumbing fixes, and updating the interior to make it livable again.

This property was in rough shape, so I tackled the essentials: new roof, plumbing fixes, and updating the interior to make it livable again.

3️⃣ Local Regulations: Before you invest in a short-term rental, it's essential to understand the local rules and licensing requirements.

Additionally, they have another property which has appreciated in value, carries low interest rates, but has negative cashflow and essentially feels like it just locks money away.

Don't get me wrong, cheerleaders are essential - they make you feel good, are always there to lift you, and cheer you on no matter what.

I got to my current financial success through a series of well thought out endeavors but with a massive sink or swim element as I am often self guided..."

Essentially lower my taxable income by $117k?! 

We also use Rental Guardian and add the charge to each booking so essentially the guest is paying for their own damage insurance.

You would essentially be working 50-60 hour weeks when combining with your full-time job and the real estate to qualify.If you have a detailed and accurate hours log, it is possible but just note that it may raise scrutiny by the IRS.