SD is fantastic area and it will continue to be a popular place of growth in the near future - it sounds like you are looking to rent as an LTR which is good due to STR permits being hard to come by 

Do you do your own interior design for flips or hire a designer? 

. $3,000 goes very quickly when you're doing value add.IRR is also, honestly, a poor metric to use despite its popularity.

@Nathan Gesner is spot on I would never add PM as beneficiary.one other loophole- Brown V Beach House Design and Development.

A little bit about me, Ive been doing interior design for several years, with my focus being on investor buy/flips and STR.

I believe what has driven me to focus on working with investors, has a lot to do with my flexibility and ability to perform most of the things you can do in a home, and eye for design and detail.

Hi everyone! New here to the BP forum but have been listening to content for a long time now. My husband and I started house-hacking and bought our first Denver property in 2014. We have since purchased 6 homes (2 of ...

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or to refund to the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account that is specifically designated for future investments.

This is close to a super popular area of a popular vacation city that is packed with visitors every week and weekend.

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or to refund to the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account that is specifically designated for future investments.