In 2021, after completing the BiggerPockets STR course and analyzing market data, we transitioned the property to a fully furnished premium short-term rental after the tenant moved out.

I don't think that's a good strategy because you can never time when the correction happens.

Quote from @Mike Sfera: for a duplex, is the BP rent estimate for per unit of combined?

REI Hub is the best, hands down, IMO.

definitely split the lot would be the highest and best use I would assume and sell them off individually 

Investment Info:Other commercial investment investment.Bought the facility in the fall of 2022.

TIAI personally don't like the receipt scanning apps because I think they are overkill and they only account for half the record keeping you need to do.

Hi, is anyone wholesaling in LA or the surrounding areas?

It protects the lenders security (i.e., the property) against claims which would reduce the value of their collateral.

@Michelle SharkoAnswering questions in step by step fashion:- Is it a good thing to do or not is a personal finance decision and it depends on the person asking it, their risk tolerance which in part has to do with how this HELOC or line of credit works and how your personality fares relative to taking on new debt (a person more adverse to debt might have sufficient savings and temperament to pay down/back the debt versus a financially liberal person might get in over their skii's as).