Need  1.  

Similar to real estate, pricing has been on the high side so its finding ways to be creative and finding distressed sellers who are cash poor that need to get rid of product.

Hi Dan, Thank you so much for the shout out. 

Longer bridge loans up to 2-3 yrs aren't much more interest rate wise anymore and don't have prepayment penalties.

As long as you own the property there shouldn't be any impact tax-wise.If you need further guidance after reading the post I would recommend doing a short consult with a real estate "savvy" accountant.

But the question is whether one can actually achieve the proforma cash flow on older properties with a less economically stable tenant base.Based on your picture, you appears fairly young.My advice is buy properties in quality locations think long term 10 to 15 years - slowly and safely build your portfolio - equity and cash flow will increase over time and in 10 to 15 years you may become financially free.People talk cash flow is king but one can NOT generate financial freedom cash flow with $250,000 or $500,000 invested (equity).Even at a 10% cash on cash return, one needs $1.2M invested to generate $120K a year $10K a month.You want property to be self supporting so it needs to cash flow but once that is reached the focus in my opinion should equity growth which increases net worth.

And once you've got an approved applicant, then you present them with your lease, which needs to be comprehensive in its protection for you and of your property (mine is 24 pages and counting as I encounter new issues, and it contains fines for certain violations) - check your state laws.

I work closely with 7 or 8 investors that all specialize in fix&flip as well as "fix&rent" type loans and can help provide insights and rate quotes/cost total estimates if needed!

I know the tools aren't always 100% reliable due to bad data so I'm curious if anyone here as experience with STRs in Albuquerque.It also seems like STR regulations aren't super strict at the moment - need to register for a permit and comply with various rules around occupancy limits, acknowledgements, etc - nothing too crazy.

Well, okay, since much has been written about subject to in the forums (and an awful lot of bad advice) here's some facts1.