Construction took the better part of a year as we hit some speed bumps with the city, and weather, but the property is now completed, rented and cashflowing.Some key lessons I learned througout the processFinalize your plans as soon as possible.  

Get off the fence and it will double your speed at whichever strategy fits your goals.

In that case they may not need an appraisal which would speed up the process.The reasons investors use HML are:1.

He had one criminal record of serious speeding, and SmartMove recommended 'Low Accept'Another is a family with section 8 voucher that consist of mom (around 55) and two kids (25, 30).

There's also a chance you'll have to bump up your insurance premium if STR tenants are covered in your policy (they are in some).Not to mention that you're probably looking at paying $150+ per month for cable/satellite TV and high speed internet.I will say this, you're probably not wrong about kitchen appliances lasting longer. 

Sounds like you are moving full speed ahead!

Clearly, I am aware that US RT 3 is technically NOT an Interstate, but it is a full sized, full speed highway.

We have done this before, especially for wheel chair people where you basically build what looks like a speed bump. 

If you make decisions, or if you predetermine future events based on the way they "sound", you are going to miss out on a lot of great opportunities.If the first time anyone heard any of the following statements:1 - I can build a set of monkey bars, out of wood, wire and cloth, and it will allow me to fly,2 - I'm going to take a bunch of "1's" and "0's", string them together in different patterns, and it will allow me to think about anything faster than the speed of light.3 - I'm going to eat a white oddly shaped ball, that came out of a chicken's....and it will taste great.4 - I'm going to collect and drink a whitish liquid that a cow had sprayed on the ground, and it will taste great....the words, "it sounds too good to be true" were overheard, and none of the above were done because everyone that heard those words believed them, we may never have the use of a computer, and airplane, and would not have been able to eat breakfast when hungry.Money doesn't make a noise, so money decisions shouldn't be based on what you hear...but by what you see.Credit cards work, if you are disciplined enough to work fast enough to pay them off before the interest kicks in.  

Loans do not move at light speed so I think it is relatively easy to stay a couple steps ahead of them.