A new future real estate agent and real estate investor here!

(not the future) Or the market?

Not sure how close you are to the partner but you may want to work with someone else for these kinds of rehab projects in the future. 

.- Have attorney draw up a contract to do this.Suggest you offer your dad some cash, now or in the near future, to motivate him to transfer his ownership to you.It may not work out, but you will learn a lot either way!

We both work in finance, so we’re pretty comfortable running the numbers.Our combined W2 income is ~$350K, and I work remotely with a very flexible schedule.We’ve saved over $200K across various assets (stocks, crypto, cash), and we live frugally, saving around $100K a year after taxes.

You don't know for sure exactly what their occupancy rates are but you can certainly get a feel for it by seeing what future dates are open.

These connections can provide insight into reasonable pricing and offer trustworthy referrals for future work.

I would consider doing a portfolio loan in the future but for now thats not necessary.

-Creates a solid foundation for passive income, allowing you to reinvest future cash flow into other opportunities without as much financial risk.Cons:-Ties up a large amount of capital that could potentially be used to generate higher returns elsewhere (like another STR or other investments).

The HML covered 100% of the $32,500 rehab budget through drawbacks.Refinance: Post-rehab, I refinanced into a primary mortgage, creating 25.5% equity in the property.Future Financing: I plan to leverage the property with a HELOC to access up to $86,000 in capital for future deals.