Most investors who take this route are not short-term investors and do not enter the investment with a timeline for sale. 

Focus on long-term guests, like corporate clients staying 30+ days, because it’s easier and brings steady income.

@Justin FondrenIf your credit score is in the 700–730 range, you're in a great position to secure favorable loan terms.

A good lender will give you the time to review terms and ask questions.

The combination of generating extra green cash with a biz and then investing in real estate for long term weath is the way to do it.

Focus on areas with sustainable taxes and long-term rental demand, targeting groups like college students, young professionals, or travel nurses.

Managing a property can be incredibly rewarding, but it does come with its fair share of challenges—especially with the recent shifts in Rhode Island legislation.In 2024 alone, 39 bills were introduced, and seven significant ones passed, including extended rental terms, mandatory fee disclosures, and other updates that every landlord should have on their radar.

By and large, QI's have very high ethical standards, and are sometimes overlooked as the engines of this tax saving tactic.]REPUTATION MARKERS 📊INDUSTRY STANDINGMembership in professional organizationsLeadership roles in FEAEducational contributions to the industryRelationships with major title companiesCLIENT RELATIONSHIPS 👥Testimonials from CPAs and attorneysReferences from title companiesLong-term client relationshipsTransparent fee structuresRELATIONSHIP RED FLAGS 🚩Overly familiar with your realtor/brokerKickback arrangements (illegal!)

It was a big project in terms of the amount of work it needed, I just ran out of time with my lender going through the garbage with the contractor, finding a new one, and finishing taking the longest. other than that I would've let it sit on the market to get closer to what I actually wanted for the property.

If you can stomach the negative and any repairs for the next 5 years then long term wise it'd be worth it.