My biggest lesson was listen to the numbers and not to your emotions.

My biggest lesson was listen to the numbers and not to your emotions.

As an investor what are some "no brainers" to increase monthly revenue.

So I am new to the Real Estate world but I took the first (and biggest) step and am under contract for my first STR closing early November!

Given that you know the financials it seems a though your biggest question is around the cap rate in your area.

This is why I went commercial, because lenders there focus more on the revenue the property generates.Wish you success!

@James Black I am 90% sure banks will not consider short term rental revenue for your DTI.

One of the biggest benefits to employing your kids if under 17 is that  there are no payroll taxes due as long as they're being paid by the parents, a parent owned 1065, or a parent's SMLLC.

The biggest horror stories I hear are from investors with 1 Unit and their tenant falls apart and so does the investment.

Additionally it is close enough to the city that most people work in the city and commute.No matter what getting one under your belt is the biggest step forward you can take.