Get rid of debt, build a budget, and save.

Trying to build out that dream team of contractors and subs as well.A mentor would also be super helpful, but like I said, still building out that network.As far as my personal situation, I have a good credit score, a decent amount of savings (200k cash) and a little more than that in investment accounts along with some equity in my current home, a mortgage, and car payments.Any advice would be greatly appreciated.

I needed all of them  RE license to sell RE  Mortgage to do private loans in the states that require it.. and contractors to build the homes I am building and then on top of that I have a developers license in Oregon ( no test required just a money grab And when I was figuring out what I wanted to do I got my pilots license around 20 too.. as I really wanted to be an airline pilot.. but alas in those days it was very hard to get hired not like today.

Could be they were on big lots and more pool house type or who knows.You might also have better luck if you are leaving the garage for use, and building the apartment on top of the garage.Let us know if you have success and the war stories.

Looking forward to connecting and building a trustworthy team of broker, lenders, property managers and contractors!

My land is also buildable and I have plans from an architect for a 3 bd/2 ba home which would cost 300k to build (it's in CA) and is in an excellent STR location...but I'd need a construction loan to build it.

If you need help with construction design, build, management of property I’m here to help.

How you build out your STR will provide the most margin of safety in the majority of markets.

Every bank and lender does have its own set of terms and agreements and it may not hurt to ask or read your closing documents.

For transparency:Our vision is to build a portfolio of STR and MTR.