Some of them are in an LLC, managed by a property manager.

Here, you are really a salesperson representing his company, with knowledge of his terms and other lending criteria that he somehow convinced you to pay for.

But my background and experience is in Business Development, and Marketing Strategy in close integration with sales, so I figure I at least have some transferable skills that'll allow me to make the most out of property as an asset class.

Here’s how I structured those deals:I’d find the property, run the numbers, and pitch it to my private investor.

Purchase price: $179,000 Cash invested: $15,000 Lived in the property for 1 year.Knocked down living room wall, replaced Hvac, floors and gutted and remodeled the kitchen, attic insulation, converted the living room and the dining area into rooms.

1)  Refinance property @ 90% ltv which leaves me with $157k (closing costs included in the new loan) but would be -$300 in cash flow in my current property.               

Even if you hold just oneLuckily two of the properties I have lived in 2 out of the last 5 years.

How do you typically balance cost versus quality when outfitting a property?

Check if they’re investor-friendly and familiar with STRs or rental properties.

Its a 2-unit property on Airbnb.