Quote from @Cody Phillips: I would only do it if they paid for the full stay in advance, and a large deposit.

There is a small amount of rehab required to reach the full cashflow potential.

Any recommendations of good markets outside of Florida would be great to learn.Thanks.Hey Kanika, totally can relate with you being from an expensive real estate market - I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.

Helocs must also be calculated in underwriting based on fully exhausted payment meaning even if you only use a portion during the next purchase they underwriter will hit you with the full payment for risk.Cash out on the other hand is a liquid reserve tax free and it only requires (1) mortgage/lien.

Hi Everyone,I'm in Warren Co., OH. We have a long-term tenant who has recently started having a guest live with them. Our lease prohibits overnight guests [7+ consecutive days] and [more than 30 days within a 90 day p...

I wasn't 100% sure where to post this question. 

I have a pretty good idea, just hoped to snag a tip from a more experienced operator that may save me a headache.

Operating an STR is a full time job.

I'm under contract on a single family home in Chicago, and the rehab will include adding two dormers, so I'll need an architect to draft a full plan set for submittal to the City of Chicago Planning Dept.

I did that with the one I bought and the seller had to replace the entire system as the drainage field was full of roots.