hi all, i’m newish to BP boards, thank you in advance for sharing your opinions + experience.i’m looking for opinions about how helpful an additional sleep number is in the income + rentability of an str.i’m potentially purchasing a 3 bedroom, 2 bath property which i will STR + also live in part-time.ideally, i’d like to have:*a king bed in the master bedroom*a queen bed in one bedroom*a queen memory foam pullout sofa in the third bedroomthis would be a 3 bedroom that sleeps 6this is my preference for:*general look of the house / not a house full of beds*number of guests/noise/cars*septic*would allow me to create a cute ‘chill out’ space in an extra bedroom-sized nook elsewhere in the house, which i think would be appealing to travelers.

Do you just include all utilities in monthly rent since it’s coming from one breaker and water account?

There is no income no doc ground up construction financing available . 50% of land covering 100% of construction 

I have a huge personal mortgage (P,I,T,I) that currently takes up around anywhere from 25%-38% DTI depending on how you calculate gross income.

As soon as you remove the mortgage you will see an impact on your credit report.Another thing is that you have to make sure the LLC has its own bank account or you will be commingling.One thing that I am seeing that won't benefit you is that you can't benefit of homestead if you do this which will increase your property taxes though I am not sure how that is impacted in California.

My hourly rate is very low, and I make most of my income from over time.

G'Day folks,I've reached out to my legal and accounting team for referrals but they had none.The IRS is absolutely useless and we have tried dealing with them for over a year now on this matter.At the point of just hiring and handing over to legals to deal with itPaid off $70,000 in prior year taxes and have receipts and deposits as proof, etc...

Scott's book The Book on Estimating Rehab Costs, it's quite good: https://store.biggerpockets.com/products/the-book-on-estimat...3) Always build in a contingency to your rehab estimate, I usually go with 20% over what I expect it to cost4) Make sure to account for holding costs too of courseI hope that helps

Many of the managements of these resorts have pretty strict rules around use so make sure you take that into account.

They provide passive income if you invest at least $25K with them and they use it to buy, hold, and sell airBnb-able properties.