Nearby job hubs, facilities, and public transit can draw in both tenants and prospective homeowners.4.

Focus on maximizing tax-deductible operating expenses associated with your rentals, such as repairs, property management fees, and mortgage interest.

Trying to manage subcontractors and their specific scopes is a FULL time job, in my opinion.  

Say property owned by “property company” gets purchased by “business LLC” for the new value, which would be a new depreciation amount about 3x higher When refinancing a commercial building that is being rented out, the valuation will typically be based on the Net Operating Income (NOI) of the property.

Oftentimes when municipalities ban STRs they will grandfather in existing operators, but if you are mid build when they do that you’re screwed  Once you’ve identified a list of “safe” markets, compare them on Airdna to see where you can likely charge the most (I’m assuming building costs will be more or less similar, so you might as well pick the area where you can earn more revenue)Also, in this market you may be able to pick up land with seller financing instead of having to buy in cash or traditional financing … potentially low or no money down, and won’t affect your personal DTI.

Having said that, my spouse and me work in high stress jobs and having some level of constant income coming from RE investments would be good psychologically if we want to take a break or lose our jobs.

Researching and understanding market trends, rental demand, and economic indicators can inform your investment decisions.Keep refining your business operations and systems as you scale your portfolio.

It expresses the relationship between a property's annual net operating income (NOI) and its current market value.

I've been in this market for over 4 years and deals still make sense, but you will need to be more involved in leaning out processes and operations.

However, we operated a luxury home as an Airbnb for 5 months with no TVs and no Wifi.