@Josh CockerTo find the right property in a low-inventory market like Danville, VA, use strategies like direct mail campaigns, networking with local wholesalers, online platforms like Craigslist, and working with local agents.

I’m not sure it that means that I can’t restrict their access to upstairs or that I just had to have a door there.When I asked the rep why there weren’t any basements for rent on the MLS he couldn’t really give me an answer.

I would collect guest data for 1 year (phone and email) and then have a direct booking site and a marketing campaign to previous guests to book direct. 

Each loan product type has different rules and restrictions for using rental income to qualify for new purchase, and some can wreck your plans (such as the FHA 100-mile rule).

STR a suboptimal option in this market due to restrictive ordinances.Purchase price: $1,260,000 with 11% down @6.75% fixed 30 yrTotal Rehab costs (labor + materials) thus far: -$70,390Cashflow to date (NOT including Rehab Costs above): -$60,237Projected Cashflow: 3.1% with 3 LTR tenants Wanted the group’s expertise on options as I am considering parting ways with this property given the number of leaks that have come up in this relatively young property.1) In 2025, 1031 into another (potentially more units) multifamily at least 20 years old.2) Investigate leaks/Stabilize and proceed with original plan as LTR and accept uncertainty related to potential future leaks.3) Proceed as MTR (hospitals and NYC nearby) so that can intervene on issues during vacancy periods.

Those now have to be replaced - and your state may have similar restrictions, so check into that in advance. 

Membership is quite restricted but the intel is incredibly valuable.  

If you owned a property with a broken stairwell where someone trips and falls, got incapacitated for life, why would their damages be restricted to $170K.

IMHO Have campaigns for phone text email follow upHave a phone system Have a text system Have an email system Have chat both external and internal Have webforms Have RVMHave conference roomsHave file storage Have a CRM attached and seamlessly churning data  I use calltext.com however I also own it. 

Local governments may have tighter restrictions.