A lot of out of town investors like to buy property over here due to the cash flow that they can receive.

Our pro forma for the self storage property we built was rock solid until we opened the business and a year later I was facing losing everything because of all sorts of factors beyond my control.

Quite a bit of equity built up.

I built a portfolio of 250 units (80 Single family, 30 in multifamily, a commercial building, and 100 in mobile home parks) with a partner.

@Guillermo PerezPositives:- Equity Built: You now have $70K in equity, which is a solid result for your first deal.Cash Flow Potential: If the property rents well and covers your debt service while providing some cash flow, that’s a win.- Experience: You’ve successfully navigated a purchase, rehab, and refinance, which are the core components of BRRRR.Considerations: - Budget Overrun: Being $27K over budget highlights the importance of tighter cost estimates and contingencies.

This photo is of our first house we purchased for Sober Living in 2019 up in Marysville, WA, the town I grew up in. 

I like good neighborhoods, with sloped tile roofs, stucco siding, built in the last 20 years. 90% of Las Vegas SMF checks none of these boxes. 

They’ve completely changed how we’ve built our rental portfolio by focusing on new construction homes in the best U.S. markets.

Currently I and my business partner own 2 town houses, one is a 4 bed 2 bath.

Most property management apps are built for LTR or STR.