Hey Shane, I'd recommend some sort of short term financing with using your personal assets as the collateral or something besides that specific property as collateral.

Reducing rent for loss of garage and construction would be fair if not rent controlled, but reducing it for a short term negative impact and having that reduced rent be the basis for all future rent increases would be unfair to you (great for the tenant). 

The idea of having a cash flowing portfolio large enough to reduce or even fully step away from my regular work is obviously very attractive, but as a total beginner I don't want to set my sights too high without first gaining some experience in REI.

To those who self-manage luxury rentals and are not licensed real estate professionals, are you concerned about your listing (listed by owner) attracting scammers?

So long story short, my interest rate has increased on my rental property and my mortgage payment went from $1220 a month to $1969.

I will add two points that make this Federal rehabilitation credit far less attractive than it may appear at first:1.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $420,000

Cash invested: $250,000

Our home sits on a quiet cul-de-sac in Southlake - a smaller, upscale suburb outsi...

Set your rent a little below market to attract more applicants.

We own both long term and short term rentals locally after cashing out on CA real estate in 2020 and moving here.

Well, I said I'd keep this short, but I teach all of that one on one and obviously a lot more, because it takes that kind of in-depth understanding to sort out when to hold em' and when to fold em'.