2) How did you structure your first deal, and what challenges did you face?

While I own quite a few rental units already, I thought condos might be a good option to gift to my kids when they turn 18, offering them a safe introduction to property ownership without too much risk.However, my challenge with investment condos is that the cash flow always seems terrible.

Hi everyone, I recently purchased a rental property in a condo managed by an HOA, and I’m dealing with a challenging situation that I’d appreciate advice on.

Short term rentals in St Pete are technically illegal but it doesn’t stop hundreds of other investors from doing it.

Lending was another challenge, lending restrictions were starting to tighten up, and we had to get a bit creative with our lenders to get the financing we needed to close.

As many cities require insurances for any rental properties, this will be very challenging for market being affected.

Yes that seems high but without a breakdown of costs for the 13k it's challenging.

It’s not always easy, but each challenge has taught me something new.

Challenges?

The challenge for me will be to attempt to mirror this type of financing approach to Southern Calif. real estate.