Typical equity build up time is 5 years, depending on your market.But can you purchase another rental using your own capital?

I typically don’t read a post that long but yours kept my attention. :-)

I typically focus on off-market deals, so I didn’t work with an agent to find this property.

While short-term rentals in areas like Kissimmee, Florida, can pay for themselves and offer lifestyle benefits, the ROI typically doesn’t match what I see from my traditional portfolio of long-term rentals in North Texas.That said, short-term rentals can still be a great choice, especially if you're drawn to the area and the opportunity to combine personal use with investment income.

Security Deposit: 2600Lease states no smoking/painting walls/no hanging things on wallsTenants have moved out and have left two truck loads of garbage to be removed.Damaged doorPainted walls which got on the ceiling and trim Lots of holes on the walls throughout the houseDamage from windows being left open constantly Weed was clearly smoked in the house (smell throughout the place) so we need to deep cleanWater bill wasn't paid so I had to turn back on utilityMissing keyQuoted costs:$450 junk removal (some furniture)$935 for damaged doors/windows, painting cleaning$30 for utility turn onTenants were only there for a year before moving out so a lot of this is beyond normal wear and tear. 

Typically the more extensive the rehab the higher the value add.  

The LLC helps when you are trying to do things like turn on utilities. 

Need to watch out for utilities like water meter, electrical, gas, and sewer.

Most of our Members are baffled, typically saying: "How could they allow one of THEIR Tenants to be even ONE month behind?"

I researched commercial construction careers, and found a construction degree is typically required.