Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

I understand the concern with parties and that is 100% valid.

The drafter will tell you what the expected timeline for design will be, timing for permits with city, what the lot and zoning allow you to do… etc The contractor : has to be someone that knows how to do the work (experience), is not too expensive so that the investment makes sense at the end, but is also not unrealistically cheap, to the point that they won't finish the project or they will simply run off with your money… Assuming you have an honest and experienced well priced contractor, then they will give you an understanding of costs for the entire project (a ball park bc you won't know 100% until you get RTI permits from the city (approval)). 

This section aims to provide a comprehensive understanding of the market dynamics at play.Strategic Insights for 2024: Armed with an analysis of the current market conditions, we pivot to forward-looking strategies.

The ceiling height must be up to code, windows must be standard size, etc.

There will be your occasional hotel snob that doesn’t understand STR and complain that you weren’t at their every beck and call but if you’re responsive and fair your positive reviews will stand out.Hope that helps!

So I understand I will have to come to the closing table on a refinance with about $68,000 + closing costs.

It is because the Federal Reserve and Federal Government may not be able to utilize their standard monetary and fiscal remedies for inflation or unemployment as effective bullets against stagflation.

I understand how important it is to have a team when starting in R/E so that's exactly what I am looking for!

Any Help Or Any People Who Can Help Me With Capital or Helping Me Get More Understandings On Any Level Will Truly be Appreciated!