Frame and finish a L shaped wall in the current recreation room wall approx 7' long x ~18" deep.B.Remove door to "office" and open wall to frame out closet, or just close off.C.Remove wall separating bedroom and office (wall is ~7.9 long)D, F, G Close off 3 interior doorsE.

Like for student rental it is a must to take on 10 or 11 month lease and making sure house rented back for next year before the September term starts.

And remember if you are spending the cash flow vs using it all to grow, it will take a long time to get anywhere.            

Maybe that’s why I have had success with it, I’m not sure.I have some properties that I would NEVER rent to section 8 tenants because they are way too nice for that kind of risk.I agree that a lot of people buy section 8 properties then keep them as a dump.

Buying a duplex-quadplex is going to be your best in terms of cash-flow though.

Hi Everyone, looking to connect with folks who run STRs in the Hamptons (Long Island New York).I have a couple and would love to chat!

They are around 4%, which is higher than some major cities.Could you do mid- or long-term rent well if everything fails?

With rates expected to be cut next month I would suggest a 3-6month CD to lock in the higher rate as long as you know you don’t need the money early.  

You can place the home into an LLC that is controlled by both of you after closing for most lenders and come up with terms and an operating agreement post closing. 

Rent: Focus on long-term rentals to generate steady cash flow, with an eye on market conditions for any short-term rental opportunities.4.