I’ve built strong relationships with agents, contractors, and other investors in the area, and one of my contacts informed me that the owner was considering selling but hadn’t listed the property yet.

I’ve had deals under contract where I’ve done building inspections, septic inspections, and had a lawyer look at the easements and then terminated the deal.

@Juan Perez Turning your primary residence into a rental is a great way to build your investment portfolio.

Has anyone used Shopify to build their own STR property website?

He is a contractor by trade and I am the sales and numbers guy to loosely define us.

You are doing the right thing to build relationships first! 

Looking to rent for $175/night min and total estimate is $100k for the build, aiming for 20% CoC.Any pitfalls/advice for this uncharted territory?

I had been discussing this property with the owner for a while and saw its potential—distressed but with strong fundamentals and built-in equity.The deal was a great opportunity to apply creative financing, secure a property with minimal upfront capital, and build long-term cash flow.

Since your lot is already zoned RS3, you can (by right) build a new SFH or 2-flat.

My contractor brought me a house off the market.