Connect all your cards and accounts.

Established the LLC, EIN, business checking, business insurance, accounting, etc (all the boring stuff) 2.

They use these savings as a down payment for their first property.House Hacking: House hacking involves purchasing a property, living in one unit, and renting out the others to cover the mortgage.

This measures the servicing sector which accounts for 2/3 of our economy.

I've kept the electric in my name, but I'd like to have a separate meter installed so the tenant can have their own account.

(Interesting story of how that happened, involving WWII).Looks like China and Japan own a trillion each of our debt, but we own theirs too, so who knows....let's see what the money guys say.Thanks for starting out my day with the knowledge that I (as a taxpayer) am $266,000 in debt...that makes my day 😂

This is a snippet from an article written by Onera Group.Short-Term Rental Analysis in Okaloosa Island, FloridaThe base of our short-term rental analysis is outlined below:First, we will identify areas in Okaloosa Island that consistently experience high demand for short-term rentals year-round.Next, we will narrow our analysis down to a specific subarea, considering factors like occupancy rates, average stay, daily rates, and annual bookings, among others.Then, we will identify the precise characteristics of top-performing listings in this subarea, including property type, number of bedrooms, bathrooms, key amenities that drive demand, among others.Next, we will reveal how top-performing hosts in this area adjust their daily rates throughout the year, capitalizing on the seasonal trends in the short-term rental market.Finally, we will conduct a financial case study to determine the expected net annual return of a listing available in the for-sale market within that specific area in Okaloosa Island.Analyzing High-Demand Locations for Short-Term Rentals in Okaloosa Island, FloridaThe first stage of our analysis involves finding areas with high demand for vacation rentals on Okaloosa island.

Assessing the financial viability of the project with available sources of fundingI ran this analysis  by comparing my net worth before and after the project was complete, with estimated values is whether my net worth increased when I move the dollars in my bank account into the property.

Hey @Mario Richardson, To help you in your search: be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

A varied and reliable renter pool may be drawn to areas that are close to amenities, job hubs, and educational institutions.Keep in mind that the 1% rule is only a recommendation, and it's crucial to take the whole investment picture into account, taking into account factors like property quality, location, and growth potential.