if you're going to make a major purchase like this it has to be worth going there in person, potentially multiple times; setting up a team; looking at properties in person; etc.here's some good reading about what to expect.https://www.biggerpockets.com/forums/48/topics/1159104-overl...https://www.biggerpockets.com/forums/12/topics/1171104-the-m...

Selling the property offers a significant cash sum, enabling you to potentially diversify your STR portfolio by purchasing multiple properties outright, fostering a more passive income stream.

You can potentially find some good ones on Yelp.

Using a HELOC for a down payment on your first investment property can indeed increase leverage, potentially impacting your financial stability.

If you want to put more brain power into it and potentially make more money I think closer to downtown could be a good fit.

To caveat this, make sure you have strong conviction on the rent, and your ability to absorb potential rental drops.Let me know if you have any questions.

Armed with updated information, a diverse investment portfolio, and the insights from seasoned experts like Sanjeev Advani, navigating these uncertain times not only becomes feasible but potentially prosperous.

It allows investors to buy shares of high-value assets like real estate or luxury items without full ownership.Advantages of fractional ownership:Diversification: Spread your risk by owning fractions of various assets.Accessibility: High-value assets become accessible to more investors.Passive Income: Earn without actively managing the asset.Professional Management: Management companies handle maintenance and administration.Appreciation Potential: Assets can increase in value over time.

I'm sure they price the product is based on the potential returns if an investor works the program diligently.

It also drastically interferes with the ability of property owners to screen potential residents.As I’ve said, tenant screening is the most important thing a property manager does.