(The arrangement was that they pay me for electricity because they share electric with other unit.) and they started to complain about roof leak which caused them hardship.

I believe I should put a business in place regardless of whether or not the title is held under that LLC, but I just don't know where to begin.

But as someone trying to get their first deal, I am not hoping to get a great deal but just an okay deal, which means a cap rate around 6-7% with at least neutral cash flow to start off.

I'd like to get started in real estate investing.

I believe the one good thing about that spreadsheet is that it can be adjusted by the State you live in. because costs are different in every State the estimate sheet i believe is based on a multiplier for the corresponding State, as most cost estimating books are based. that program does break down a lot of information for you and i think it is a good program, one thing you may want to check is if the program updates every year with current multipliers for the States ( program is probably based on a starting average value for each thing and then the multiplier changes as prices for materials change) and you want to make sure it does that.

That's why as a realtor, I also became an interior designer because now-a-days a place has to look good to rent.

Recently, I’ve started adding a serving tray with items to help my guests feel more comfortable during their stay, including a QR code to an online welcome packet.

The thing to keep in mind is that people renting your place as an MTR are expecting a hospitality experience, much like in an STR.

Focusing on individually owned properties with no more than one mortgage and at least 10 years of ownership should help you find places with good equity.

Where do I start?