House hacking will also give you some personal "property management" experience.

However (as you and I both know from experience :-), even the most savvy Investor/Contr can estimate a rehab and then you get started and oooops - didn't see that coming!

We had a great experience with the lender we used from a big bank since it was a jumbo loan, very knowledgeable and competitive.

So, I would go ahead and turn the garage into an "out of this world" experience, with arcade games and other game room items!

.: One thing to consider: partnership.You have time, knowledge, and experience, but not enough money.

Let's harness our combined knowledge and experiences to propel each other toward success in this ever-evolving industry.I'm positively buzzing with anticipation as I embark on this adventure alongside all of you.

I would think of this problem differently: I might encourage them to explore ADUs... this would give them an additional stream of income and would likely only require a relatively small chunk of money in their savings (relative to the total cost).If they could partner with someone that has experience building and/or flipping (to qualify for the construction loan), then cash them out with a 30-yr DSCR loan (and use that as the builder's profit), then they could rent the property and enjoy the cash-flow.

Does anyone have an experience in this area that could provide some insight?

Is the area about to experience a lot of job growth and appreciation?  

Has anyone had any experience with Evolve Vacation Rental management?