Always happy to see new investors jumping into action versus standing on the sidelines.  

Hi folks, I am closing on a property with my cousin and both of our spouses.

Congrats on the Acquisition.

Your line of credit is based on collateral.

I am wondering if i am being too conservative on some costs. 

Additionally, do people have recommendation on efficient ways to screen a tenant upon application? 

Podcasts are great but some books will help to get clear view on what you'd like to do.

I’m on the verge of purchasing my first property in Winston-Salem, NC, and I’m reaching out to tap into the wealth of knowledge this community offers.

Definitely prefer tankless for us I tried the recirculation function on my Rheem tankless and the water heater burner was on constantly.  

Hey, that's a great question and definitely a smart one to ask when you're diving into the details of STR (short-term rental) investments.Let me break this down from both a tax and practical standpoint based on what I’ve seen with clients in similar situations.