Now, I've added wholesaling mobile homes to my business which is another way to build up cash as an investor. 

You are taking a business risk by signing a contract with them. 

We don't know anything about your property, you, your business, your risks, what you care about, etc. 

Keep in mind that there are two roles you play as a STR owner: that of a RE investor and that of a business owner.

Hey everyone, any thoughts on taking out a business loan for buying your first rental property?

Schedule E typically caters to rental income and certain types of passive income, while Schedule C is tailored for reporting profits and losses from a business or self-employment. 

There are 6 key areas of having your own real estate business that I recommend reviewing periodically to ensure you are on the path to growth and sustainability.

Which will bring plenty of other investors and general business to the area.

I’ll reach out to some hard money lenders and definitely look into the FHA 203k Another option that I was recommended by my hard money lender today- was to open a business credit card for smaller loan amounts.

My gf is very design savvy and has experience organizing homes.