It depends on your strategy: are you looking to do a long-term rental or short-term?

I am looking for Flips or BRRRRs I believe initially to build up some cash and/or equity and cash flow, but would be open to having my strategy/goals challenged.With my previous business, I never took a paycheck and grew the revenue from ~80k to >2million annual revenue in 3-3.5 years and navigated a seller finance purchase of a overlapping/competing business.

@Anna Greta Taylor Cost segregation and bonus depreciation can be an excellent tax strategy!

Purchase price: $104,000 Cash invested: $20,000 Deal Deep Dive: Strategy: Buy and Hold Mid-Term Rental Buy Box: - Within 15 minutes to a major hospital - Within 10 minutes to a Starbucks (LOL)- At least two bedrooms- Light Rehab Only (paint/floors/decor)How I Found the Deal: '- networking with fellow local agents (I am an agent, for context)How I Negotiated the Deal: - Gave the seller what they were asking for to get in contract- Negotiated seller credit based off inspections - Told the agent who brought me the deal that HE could represent ME in the deal, which made it a win-win-win.

And there is a wide spectrum of syndication strategies that span a wide spectrum of risk versus reward.

Purchase price: $104,000 Cash invested: $20,000 Deal Deep Dive: Strategy: Buy and Hold Mid-Term Rental What made you interested in investing in this type of deal?

Bailey, Are you still considering this, I am currently considering this strategy myself...and would love to discuss with you!

If so, what strategy did you use to pay off your HELOC as quickly as possible?

It was one of several tax mitigation strategies we were using.

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