That was a pivotal moment in my journey, allowing me to achieve better conversions at my appointments and helping me reach 24 deals and over $250k in my second year.

It's called something else that I can't recall at the moment, but they'll know and be able to guide you in the right direction.Since there is a large amount of equity in the rental home, just be sure that your new HOI policy has good coverage and possibly think about an Umbrella Policy or additional insurance coverage to "protect you" vs. trying to reinvent the wheel and forming an LLC just for the one property.SD

So you definitely have a point, Justin, but this teachable moment is more of a nightmare now. 

You can use it for any business you can imagine, as long as you understand the accounting principals associated with that business and how it all works together.In QuickBooks, you can set up projects for each flip and keep track of them on the balance sheet - where they belong - up until the moment of sale.If you don't have a lot of accounting knowledge and are relying on QuickBooks to be intuitive, then you are going to be VERY disappointed. 

The beauty of STRs is that you can invest in them anywhere there is an STR-friendly market. 

I'm trying to save any dollar I can at the moment until things pick up.

There were moments when I had to decide whether to go for higher-end finishes or stick to more cost-effective options.

After meeting the entire team in their beautiful office I signed the deal to buy my first property.

Love Sonoma, very beautiful area 

I'm just in the research and preparation phase at the moment.