My focus is on properties that are slightly positive in cash flow, while also offering capital appreciation potential, and ideally being self-sustaining in the long run.During a recent visit to LA, I didn’t quite feel confident about the current state of things there.

Not ideal.

Does not work as ideal brrrr even if numbers play out for traditional ideal BRRRR as there is no way to extract all cash invested.  

DSCR loans don't require personal income verification or a debt-to-income ratio, making them ideal for properties with strong cash flow, even if the current owner has credit issues.Here's how it could work:You could use a DSCR loan to refinance the hard money loan, securing more favorable terms without having to involve the seller's credit.Since the rental income easily covers the property’s debt service, you’ll be in a good position for lender approval, bypassing the conventional mortgage route.This approach could allow the owner to stay in the house, while you take over financing with a less restrictive structure.

When it comes to finding the perfect property to manage/co-host, what’s on your must-have list?

Longboat Key and Siesta Key are two ideal locations for those seeking luxury properties in exclusive but less crowded areas.Orlando: Although more commonly known for its tourism industry, Orlando is emerging as a luxury market due to the rise of high-end gated communities and its proximity to theme parks.

C-corps often aren’t ideal due to double taxation (on both corporate and individual levels).This post does not create a CPA-Client relationship.

I know there are a ton of features I don't utilize personally, I mostly use it just for tenant application and screening process, and then for rent and fee collection In my personal experience here's my pros and consPros•Had a template for screening questions on the application so I didn't have to think of things to ask myself•Handles rent collection easily and for only a $1 fee to my tenants for ACH transfer which makes it easy for both parties•I can set up all rent and fees at the beginning of a lease term so it's set it and forget it for me•My tenants have said setting up auto-pay was easy and I like to make it as easy as possible for them to pay me!

For minimums, I would price your rate for what you would ideally get for 7 nights (or close to it) but charge it for. 5 night night minimum.

While profitable in our first year, I do not want full occupancy, more like 2/3 ideally.