Have you found any good meet ups?

Talk to a local mortgage broker about what their requirements are.

I have a meeting with a lawyer in the next few days but I thought it was prudent to also ask for help from people who have already done it.  

Even facebook might have some good local groups for you.

Check local zoning laws and building codes to ensure converting the basement into a separate apartment is permissible.

@Jesse Bennett I haven't tried this yet, we use a real estate agent which gives us access to everyone on the local MLS.

The key evaluation data points for STR investors are accurate records of rental income and occupancy and/or projections from local mangers and online tools.

Online resources, real estate forums, and local investor meetups can also provide valuable insights and practical advice from those who have firsthand experience with seller financing and flipping properties.

Here are a few considerations:Market Trends: The local market shows signs of softening with more homes for sale/rent and lower rent prices.Future Cash Flow: With expected rent reductions, my cash flow could drop to $950/month.Alternative Investments: I haven’t found any local deals that generate positive cash flow.

Hi Amit, Generally speaking, a second home needs to meet a few requirements: 1.