So, there's that, but I'm the type that likes to be prepared and would rather have a client list to present deals to and haven't had much time to build it.

However, if short-term rentals are no longer allowed or become less viable, I’m prepared to switch to long-term rentals.Funding the entire construction at once is a challenge, so I'm exploring the best strategy.

@Sven ZimmermannTo prepare for investing, define your investment strategy, research your market, understand financing options, network with experienced investors, and take next steps.

From a tax perspective only, putting your property into an LLC may cause your tax preparation bill to go up due to new filing requirements for a single member LLC.

Seems to me that for a time, everyone was able to make easy $$ from value-add, but many were not prepared for changing market conditions.

Focus on properties that align with your financial independence goals and be prepared for market fluctuations.Your strategy of balancing cash flow with capital appreciation while aiming for financial independence is sound.

When you go to refinance, no lender is going to offer much better than 65-75% LTV, which means under the best scenario you'll be $27,500 short in repaying your lenders.Are you financially prepared to make up the difference?

Create a network, prepare for the future, and conduct extensive due diligence on properties.

I have a daughter with some health issues and has a strict diet regime of prepared foods.

I’ve been through a few storms myself, and one thing I’ve learned is that preparation and quick action make a huge difference:Document Everything...