I'd assume this is pretty solid if you are willing to purchase the business and property all in one transaction. (2) the length of the initial lease is very important. 10 - 20 years is a very large range.

The numbers you see in the deal deck/initial projections take these fees in to account when estimating investor returns.

I found a common theme by doing just that about generational or legacy wealth creation.

It did not answer my initial question of whether or not it would be possible for me to partner with someone to afford a larger budget, but I appreciate the information! 

Fellow members, I'm brand new to this forum and I’d like to initiate a discussion about large franchise brokerage agencies vs. the new technology brokerage?

Pulling out your equity will increase your true cash flow on your existing properties and the additional income properties will generate positive cash flow above and beyond the debt repayment and expenses on each.

SUBJECT TO existing mortgage of $125,000CASH TO SELLER $10,000WILL REFI BEFORE TWO YEARS ONCE PROPERTY IS STABILIZED (I deal with local community banks and will do a commercial in my LLC to cash out at 70% LTV to recoup back some of my initial investment?)

So far my 2-bedroom listings have generated a ton of bookings but I'm starting to consider STR for my larger properties and I dont think I'll have the same demand on 3 bedroom or larger properties so it would seem to be far more effective to rent out by the room.

Most startups fail and don't generate any return for investors.

I normally would not use them but my HELOC is at a bank that does not have a branch in my state and I would have to go to a branch in person to initiate the wire due to the amount.