It seems like at this moment you need active income.Real estate can generate income for you but it takes time.

Additionally, while it may be tough to hear, age can be a factor in this industry.

hi all, i’m newish to BP boards, thank you in advance for sharing your opinions + experience.i’m looking for opinions about how helpful an additional sleep number is in the income + rentability of an str.i’m potentially purchasing a 3 bedroom, 2 bath property which i will STR + also live in part-time.ideally, i’d like to have:*a king bed in the master bedroom*a queen bed in one bedroom*a queen memory foam pullout sofa in the third bedroomthis would be a 3 bedroom that sleeps 6this is my preference for:*general look of the house / not a house full of beds*number of guests/noise/cars*septic*would allow me to create a cute ‘chill out’ space in an extra bedroom-sized nook elsewhere in the house, which i think would be appealing to travelers.

I would definitely mention in your property description that the property comes turn key, and offer to show the properties rental history/income.

Would I just have an addendum for the additional 12 months? 

Accepting a reduced rent in lieu of making monthly payments to the water company would be one way as that would reduce my net rental income.

Watch out for fine print that requires an additional fee at closing - this is a huge red flag and how most flat fee companies make money.

Step 1: Increase income, decrease expenses.

Some of the strategies I've used in the past are:-comparable sales data nearby-take pictures to show damage or deteriorating conditions of the property-show low rental income or conditions if applicableAny advice would be appreciated.

If you were purchasing this 4 unit as a primary residence you could likely use the rental income on the other 3 units as qualifying income.