I could have stabilized a 4 unit building with 3 long term leases and rented out the owner-occupied unit with short term rentals half the year.

The requirement for a second home loan is usually only that it be xxx number of miles from your primary residence. 

The Safari is a nonstop endurance canoe race in the dead of summer that starts in San Marcos, TX, and finishes 260 miles downstream after crossing a bay in the Gulf of Mexico.

Hey BP so I'm excited because it's looking like I'm going to be the proud owner of a 4-plex breaking my analysis paralysis buuuuuuut I could use some direction.1. currently the water is paid by the land lord half the electric and gas also paid by the land lord as well as trash and sewer.

We have been running numbers on houses for a year and a half, we have narrowed down our neighborhoods and our plan was to purchase our first rental in 1st quarter of 2022.

Capex is half of what i use and sometimes that is not enough.

I am about an hour and a half from you in Gainesville Fl.

It could be for any strategy--not just STR...There's a money partner and sweat-equity partner (I'd say "managing" partner in LLC lingo): the money partner initially collects all profits in a scheme where the sweat-equity partner works off his or her half of the initial downpayment in what Carl calls a "mini-mortgage." 

Using the 50% rule half goes to expenses and half to profit less mortgage paydown. $1900 gross rents/2=$950 less mortgage payment of $1087 on a 242k mortgage at 3.5%= -$137 loss per month.

I am now getting my first home and iwant to airbnb the bottom half of the home and fix it up nice to attract high quality travelers.