The city board of adjustment meeting was held today and we presented our case and explained that we made huge investments into the home to remodel and furnish it with the belief that we would be able to operate it as an STR since we had an approved permit.The Board denied my request and did not take any responsibility. 

Cory, I very much appreciate your response.

I'm really excited about the potential of investing in residential multifamily properties with my dad, who's willing to contribute the initial funds.We're currently working on getting our financial house in order, paying off debt, and building a solid nest egg.

Thank you for your response Jonathan.

Hi Kris,It sounds like you’ve got a great property under contract with a solid entry price, and the only challenge is the interest rate of 7.125%.

The insights shared by the Realtors, @Zeke Liston, @Jimmy Lieu, @Nathan Gesner, @Samuel Diouf, @Sam McCormack, @Min Zhang provide a solid foundation for anyone starting out in this industry.From a property management perspective, it's great to see you're considering the long-term rental strategy.

We get angry responses all the time because NO ONE READS anymore.

Syndications are great if you want to own real estate and enjoy the appreciation while sharing the risk and responsibilities with others.

Feeling anxious is completely normal, but from what you’ve shared, this opportunity seems like a great fit for your goals.Your numbers look solid.

This is an impressive response.