So far a little over a year later we are a super host and premier host on Airbnb and VRBO respectively.

I would imagine this would be close to a balance sheet.I'm not sure what my CPA would want, but that looked pretty inclusive since I categorized my transactions into their respective categories, ie property management, and repairs.

Each firm has a sister company, Doss Docs and Lightning Docs, respectively. 

Then perhaps you could invest in something else until the single-family rental market is back to an affordable range, and in the meantime, you could also make a lot more money.

Architecture did a design and well respected contractor estimated the buildout of 4 plex would be an additional ~800k for total project cost of ~1M. it would be ~1.2M for the 7 plex.  

Both preferred equity and common equity have their respective pros and cons.

@Allen Duan I’d say mid range.

Property details: 3 bed 2 bath both sides with attached garages, aluminum siding, copper plumbing, 1972 construction, separately metered, all electric water heater, range, dryer, public water and public sewer on a slab foundation in a great school district right next to brand new construction everywhere.

My thought is: I find one worth the money in the $10-12k range, buy it outright, live in it (in the park) for about a year until I save enough to get another one, then rent out the first one.

However, we understand that the STR model may not align with everyone’s goals, and we respect your decision to step away after a year.