Shortly after closing the deal the company I worked for changed my job and moved me abroad.

My thoughts were to make the studios into extended stay for blue collar folk with a modern vibe w/some common area amenities (laundry, vending, & business center) .

Get the credit score up, pay on time, get that car sold or pay off, don't quit your job until you have a replacement job.

I personally know of people who chased the STR Shiny object, could make it work and had to sell at a loss.I think these people didn't do a great job of due diligence and were overly optimistic of what they could make.

I didn’t have the cash to develop the property and even ended up refinancing the owner financed note (with the owner) to lower my monthly payments when I took a job that paid less.

Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy).

Hopefully common sense will keep this bill from passing.Our portfolio is entirely in Virginia so this is relevant to me.

Many will go 6-12 months before closing a deal and earning their first commission check.That said, you may want to consider a PT job to fund your business.

I have a broker who is fine with me only selling a few properties a year, but has encouraged me to dive in deeper to use this as a 2nd career when I retire from my current W2 job.

That's the main thing that I have learned through our chats there.You're right, I neglected to mention that I had put improvements into the home, but at the same time, that's relatively common.