I’d recommend connecting with local property managers and agents as soon as possible—agents can help you identify deals that fit your BRRRR criteria, and property managers can give insight into rental demand and market rents.

Figure out how to actually analyze property and practice.

I would only encourage you to switch your property to an STR if you really want an STR.

Transfer Fees or Property Tax Reassessment Some states impose a transfer tax or reset the property tax basis when property ownership is moved into an LLC.

I’m 28 and debating whether to withdraw $60K from my Roth 401(k) to help fund a new rental property.

Would a property with 4 bed or 5 bedroom would have a better cash flow ? 

Here are some key strategies to consider:*Invest in Distressed Properties – The best deals for investors often come in foreclosures, short sales, and older homes in need of renovation.

Trying to “take over” a vacant property that appears abandoned is not for the untrained would-be investor.

However, I was lucky enough to be put in contact with our area hospital's HR Recruiter who has had a few of their corporate employees stay at our properties.

Property values only going up up up for decades.