Currently working on a deal to buy a 140 room property that is right next to a major freeway, and hospital.

Follow steps like planning, financing, hiring contractors, managing property, marketing, refinancing, and working with advisors.

@Nupur Daruka - trying to put stated funded tenants into an HOA property is frequently a recipe for disaster.  

You can use property management software that does everything online.

How many property will you need?

I spent 14 years as a CFO/CPA for a $300 million farmland management and equipment auction company in North Dakota. Last year I left it all and purchased a boutique STR company in Arizona. It has been quite a journey ...

I have an opportunity to purchase an off market deal on a property in MD. 

For those who have been investing in rental properties, what are the biggest financing challenges you've encountered, and how did you overcome them?

If you are doing your part and really looking at the property and dug in deep on the underwriting, you should be good to go.

We have stared the project about a month ago, completely new interior including adding new HVAC all new electrical, flooring, cabinets, tops and so on along with new driveway exterior paint and some siding.My contractor is also an investor, so we were lucky there, good insight to share and also, he has lots of leads for renters.But he is NOT a good photographer LOL. here are some progress pictures .Also, I will like to share that we are closing on one more single-family property early next week and we have a duplex under contract._________________________________________________________________________________________________________________________________________10/12/2024.