Financial Management:Keep a tight grip on your budget, including acquisitions, renovations, and unexpected costs.

Our original strategy included St John as a lifestyle air bnb play while working remotely and living summer to summer.

@Ariel GonzalezHey don’t despair.It’s a tough market out there.In most cases, seller pricing expectations are still out of line with the current cost of debt.I’m proud of you that you just didn’t buy something to buy something - that takes discipline.It’s important that your first deal is a success or at least not a train wreck.I’d encourage to start small finding a 6 to 10 unit building and buy that with a few friends.

Of course this doesn't include expenses either and they will similarly mark up anything they pay for.

Income is around 20K, Expenses (including paper deductions) about 20K. 

References for this include IRS Tax Topic No. 414 which details when to use Schedule C for rentals, and IRS Letter Ruling 202151005 which details when self-employment tax is applicable to rentals (which is equivalent to choosing Schedule C vs.

It's important to utilize an insurance broker who points you in the direction of quality carriers not just the least expensive.

THE MOST IMPORTANT THING I LEARNED ABOUT SALES IN 45 YEARS IN REAL ESTATEI, like most people, thought exceptional success in a sales field was due to a unique ability of an individual to somehow “connect”, “convince”, or “persuade” people to purchase the product or service the salesperson was selling.

Some of this could be my own doing, but I've also heard the algorithms may also be responsible.With the timing of posts being very important, does anyone have any insights on best times of day and which days work best?

Financial Management:Keep a tight grip on your budget, including acquisitions, renovations, and unexpected costs.