.👀 Risk ManagementBoth investments require risk management:Stocks: Company performance, market conditions, economic factorsReal estate: Property maintenance, tenant quality, local market changesBut guess what?

A STR is a completely different animal in my opinion, in that it requires more work and much more compromise, but financially is worth the effort. 

These tax deductions do not require you to become a real estate professional.

Additionally, FEMA updated the local flood maps here in July 2024 and much of the area now requires flood insurance. 

But, today, most judges are requiring a GAL anyway.

Class A: around $250k each = $7.5 millionClass B: around $175k each = $5.25 millionClass C: around $125k each = $3.75 million- maintenance & tenant-nonperformance will require more unitsClass D: unlikely to work outSo, how are you going to turn $500k into at least $3.75M?

They require all cash to buy so the people there have money.

All buyers and sellers of rental real estate should require Tenant Estoppel Letters in their contracts.

Most lenders won't require an application fee and should be able to clearly lay out their financing costs, cash to close, and projected profitability for you.I hope this helps.

The interest rate is 7%, so we suggest this property is for someone who wants to get into Lease Options and meets the other requirements such as adequate reserves and credit.That means, they buy the property, they wind up with $50,000 in equity and they do a Lease Option to a buyer who doesn't currently own a house, but wants to.