One for 6 of my properties and the second card for the 7th property that is held in a partnership where the finances need to be kept separately.

We calculate gross income as all dollars coming in except taxes.Our clients gross revenue is the room rate (top line) expenses minused out and then they receive their net income.Net profit (or loss) would be then when they subtract debt service, property tax, insurance, utilities, etc.

Hey everyone,I’ve been working in real estate for a little bit now, and like many of you, I’ve found that two big challenges keep coming up:Finding distressed or off-market properties before they get picked up by others.The time-consuming process of property analysis—especially when trying to figure out ROI, ARV, or repair costs quickly.I’m curious how you all are dealing with these issues.

What do you do yourself in regards to this property?

Not every property is a good investment, not every market is a good investment.

Open to ideas on where to invest in first property.

Would love to hear from the community on tips to get started and best locations to find my first property.

Since this can be treated as 7 different properties, can I get a conventional loan or will this still require a commercial loan?

I am quickly learning that many banks do not give HELOCs to rental properties.

If you have the time and want to take a more hands-on approach, I’d recommend looking into the BRRRR strategy or flipping properties.