I'm new to BP and trying to build a team as I dive into more frequent and long-term profitable REI.I've been doing SFH rentals over the last 15-18 years, but it's all been very traditionally financed (ho hum, 30 yr fixed) and as such has limited my ability to invest more frequently, and grow a portfolio.I'm here to learn how to use more creative financing strategies (private money lending, Sub-to, seller financing) to acquire 2-3 units (duplexes, tri) and 5+ multifamily properties. 

The best thing to do is contact the county tax assessor explain the estimated purchase price and ask how this will impact the annual property taxes.

As Gino noted, if you buy a lot in cash, that can often be contributed as equity in the deal for the loan, but depending on the value and LTV ratios including your current mortgages on the existing properties, you may have very little equity available to tap into from a refi/HELOC.It has been a while, but the construction loans I have been quoted have been 80% LTV of after construction value, capped at 80% of actual cost.  

Quote from @Jaiden Alivera: Property management is the best way to get your foot in the door.

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Several had mint green walls with dark brown trim, and hardwood floors that hadn’t seen love in a very long time.

Like others have said, you don't need an LLC to get started with STRs.If you own a single unit or even 2 or 3, simply make sure you have the best insurance to cover any issues as well as an umbrella that can cover any excesses.Plus the major key will be maintenance.

And now self-managing, that eviction help will come in (but hopefully not needed) very helpful. 

The market of bank real estate asset wholeselling for example is very closed to a select few companies that invest millions of dollars, but when you see that big names like credit suisse invested over 150 million euros last year with one local bank's properties you have to wonder why these guys are puting so many eggs in this basket. 

And with that will come an *increase* in home prices - likely lagging behind those rate cuts over the next couple years here.You could very well wake up in 2026 and be paying far more for the same home you passed on in 2024 due to 6.25* rates.