Another rule of thumb is 2% the purchase price to maintenance.

Any advice on how best to accomplish this task?

Purchase price: $510,000 Cash invested: $195,000 Purchased a 4 bed 2.5 bath townhouse in Winnetka, CA in June 2023 as my first investment property.

We purchased the home in the January of 2021 so our interest rate is decent.

We are here to answer all your questions on the how, why and the history of Cost Segregation Studies.

For rentals, focus on properties that generate solid cash flow after covering mortgage, taxes, insurance, and maintenance.

The local area has a few attractions and similar STRs have done well based on what I see online)The plan is simple. 

Alternatively, you could waive the commission in exchange for a small equity share in the deal, aligning yourself with investor success.Once due diligence is complete, network through real estate groups, your spouse’s contacts, or online platforms like BiggerPockets to find investors.

That said, expect to deal with a fair amount of fluff leads.The two best strategies I’ve found are inbound methods: direct mail and Google Ads.Direct mail can be expensive, but it can also yield highly discounted properties.Google Ads, on the other hand, doesn’t require data extraction like calls, direct mail, or texting.

I had a lot of luck with ASI ASI and Safeco early in my journey, and then I stumbled upon a different class of insurance companies that are more geared towards investment properties.My policies are currently underwritten by SES and they have been great to work with and very geared towards the investor.My insurance agent is a sage source of counsel on the subject and I bet he'd be a good resource for you if needed!