My parents are starting to rent out part of their home instead of just letting my kids live there.

While it's always best to have a plan for how you are going to execute your exit strategy BEFORE you get started, if you're like me and just jump in you could easily find yourself wondering how to execute this plan if your initial plan runs into problems.BP is full of great advice on refinancing and if you just post that is what you're looking for, the vendors will come out of the woodwork. 

Do this first deal to completion before starting the next one to see if it works out. 

Any advice or suggestions for someone just starting out with property management would be greatly appreciated!

What’s the best way to get started using BiggerPockets?

When I first started my STR business in 2019, I watched F&G and other similar videos (such as Noelle Randall on business credit cards), and subsequently started making application for business cards.  

Those that respond “$0” or something ridiculous, you can request income documentation from them to justify.Don’t be afraid to share with them how much your property taxes & Insurance increased and that YOU cannot afford to absorb them.ALWAYS get an increase or something of value annually or tenants will start thinking they should never have an increase, making future increases that much more difficult to negotiate.

If it was finished in April 2022, it wad clearly started in 2021.

You start with logic.I am very serious that all these so called marketing experts know very little of true marketing.Marketing has to do with the medium you are marketing on and the audience you are trying to reach.As long as you understand these to items you are fine.Just learn the basics and then make the rest up yourself.

I'm a MEP design engineer looking to expand my investment portfolio and I'm just getting started and trying to learn all that I can.