Look at houses maintained by homeowners with this mindset and you'll see how much can be done to repair what you already have and how decent repairs can last a long time and be perfectly suitable especially for a rental and often at a small fraction of the replacement price.

While working, I shifted my focus and started doing BRRRR projects on the side while maintaining my 9-5 job.

If you want to simplify it because you have too many properties to maintain, simply create a main checking account and a security deposit account for each property or Entity.

This can be a key factor in maintaining bookings year-round!

In my experience, maintaining a checklist and staying organized is the key to mitigating risks and avoiding costly mistakes.

Seasonal Strategies:Off-peak discounts or promotions: Offering longer-stay discounts or special packages for holidays or events in the off-season can help maintain occupancy.

In some cases the bankable borrowers conscientiously choose to fund their projects with alternative lender because they  can achieve better leverage, won't have to maintain a set depository relationship with a bank, or they need to settle quickly.

Usually I would think it's easier to have the LLC where you are.In SC I can create a LLC for $110 and not have any annual fees to maintain it.

You'll see a lot of landlords struggling with Section 8 renters that don't pay their share of the rent, don't maintain the home, break the lease, act entitled, etc.If you know what you are doing, Section 8 can be a good thing.

And which manager managed vs member managed and what agreements needed between the entities and who provides and maintains.