The lender plans to finance 80% of the purchase price and 100% of the renovations for my property, which is approximately 3000 square feet, renovation loan amount of around $50,000.

One that has experience in the investor field and can help shape your investment plan. 

Hey @Philip Coiro Great to hear that you're planning to scale your business via Outbound marketing! 

But if your plan is STR, then you need to understand the laws and that they are subject to change.

Or do you plan to diversify into other areas?

I have clients right now operating in the black and they are doing it because they are aligned with a great team for management @Alice Horn and they purchased with a clear plan to move forward. 

It could signal there is more shotty work around the rest of the property. 

I have plans of refinancing the hard money loan with a traditional 30 year loan in May'24.

A side note: I do plan on investing the money into another investment property (non primary) 

@Laura Au we've never had any real success with Facebook Marketplace, just a waste of time.Depending on the Placement Plan our clients choose, we can advertise their rental on at least 20 sites.Assuming you've got good pics and a jazzy ad, then look at how much exposure the property is getting.After that it's time vs rent amount, also what the property is vs improvements to make it more appealing.