Keep in mind that there are two roles you play as a STR owner: that of a RE investor and that of a business owner.

Hey everyone, any thoughts on taking out a business loan for buying your first rental property?

Schedule E typically caters to rental income and certain types of passive income, while Schedule C is tailored for reporting profits and losses from a business or self-employment. 

Getting into business with family only ends in one of two ways, and its often times not positive.

Which will bring plenty of other investors and general business to the area.

There are 6 key areas of having your own real estate business that I recommend reviewing periodically to ensure you are on the path to growth and sustainability.

I’ll reach out to some hard money lenders and definitely look into the FHA 203k Another option that I was recommended by my hard money lender today- was to open a business credit card for smaller loan amounts.

I-if it's "big expense", I get ahead of this issue by whipping out a receipt book (you can buy one at any store like Target, Wal-Mart, Staples, Office Depot, etc) and jot down the work that was performed, materials, hours, amount of people, other expenses, etc.

Hey Justin, im kinda new to the business also and im from NJ but i been doing alot of research on title companies and attorneys.

You already have a successful business and you should put your energy towards it and look for ways to grow/scale that business.