(some money may still be available from the initial $10K investment.)

.- Furnishings and Decor: High-quality, durable items are worth the initial investment.- Insurance: Short-term rental insurance (beyond renters') can protect you from guest-related risks.- Licensing or Permits: Check if your area requires permits, as some cities have fees for short-term rental operators.Breakeven Analysis: To calculate your breakeven occupancy rate, add all monthly expenses (rent, utilities, cleaning, insurance, etc.).

The property is a full rehab, possibly more, and originally had restrictions from Freddie Mac requiring buyers to live in the home for at least a year, so I initially passed on it.

Owner’s Draws and Tax Implications: Taking owner’s draws to recover your initial equity is possible, but this can have tax consequences.

This creates a negative initial position.

Quote from @Albert Aitov: Hello everyone,I'm looking to start investing in real estate in DFW metroplex, but I'm having a hard time finding lenders that can finance my purchase price + renovation costs, I called to about 15 different banks (and all of them have different issues).Initially I was trying to find a lender that can finance 100% of the deal if it falls within 70% of projected ARV (I follow a few real estate investors that suggest to find such lenders, it is usually small local banks), but I couldn't find any lender like that in DFW.

You said the initial applicants didn't have jobs or savings?

I think that the tax perks from having a rental make this more attractive than it might initially seem, but I have only done some quick internet searches, so I could very well be overestimating the upside and underestimating the downside??

Initial inquiry (FF, email, social media)2.

The following land belonged to my initial protege.