Purchase price: $85,000 Cash invested: $60,000 My initial strategy for this deal was to flip it and sell it, but the market was unfavorable so I opted for the BRRRR strtategy instead.

Though, this process will be the same for the other state (if you created a CA LLC you may need to register it as a foreign LLC in the state in which you are doing business/holding property).

These are things at the high level I want to be looking at for all my real estate purchases. 

I am a resident of Virginia and purchased a rental property in West Virginia during 2024. 

We would have preferred to work with them within reason to make it a quicker and easier process.

To add to @Ashish Acharya, I would recommend using your retirement funds for notes that earn a nice interest rate, if you're into self directing.Given that you want to purchase a short term rental, I'd highly recommend not doing this within an IRA/401k. 

I am interested in purchasing wholesale homes to flip or to buy and hold using the BRRRR method.

I purchased a 4 unit in Dec 2021 in Pt Loma (Worth ~$2.5M then, now worth ~$3.4m). 

Quote from @David Cherkowsky: Quote from @Sasha Mohammed: Hi David,There are lenders that will allow you to purchase via a DSCR loan using STR income to qualify.

Purchase price: $325,000 Cash invested: $50,000 This time I acquired a property that needed little to no work.