Did the property that had new cabinets sell for 25K more or no?

The property has a resort feel and would be a great STR. 

Hi @Manthan Patel, congrats on taking the right steps towards getting your first property.

Thirdstone Properties.

If this is an STR, DSCR lenders will require that you have booked the property on an STR site for 12 months or have 12 months of prior experience with a different property.

I saw a prior post where you mentioned having a STR in Texas.you want to have a conversation with your accountant to see if it can be treated as an active property instead of passive.If it can be, then there is a potential opportunity to offset the losses against other forms of income such as wages, interest and dividends.

You put a down payment on the property.

I already have an eye on a property.

I specialize in buy-and-hold and value-add investment strategies, with a focus on multi-family properties.

We have a note in property stating for guests to contact us within first 24 hours should there be any concerns.