Hey community,It’s taken longer than expected but I’ve been moving forward with a potential off market deal with a 4 unit (garage could be rented as alternative space). 

We've had a bit of an influx of interest from out of State investors turned off by recent proposed and implemented STR regulations in some HOT investment areas in the South. 

In the end now that the deal is off I’ve realized my new deal is much better and it’s likely better that I did not compromise.

We will sell some of the lessor houses in the future and pay off some others.  

There is no trick, think of it this way: you have a principal to pay off ($175k, so you could do 175 months x $1,000) and as long as you do the outstanding balance generates interest.Your mortgage payment is PITI, you always have TI, principal you pay in your own pocket and interest is a tax write-off.But from a cash flow point of view paying one off first is better, because you save both the principal and interest portion, which comes out to about $1050.

They try to string us along for a few questions before attempting to take the reservation off platform by having us email them.

It lacks a little in the property accounting side though, so if you end up growing your portfolio, it might be more useful to use software with additional features such as bank feed integration, advanced tax reporting, and receipt scanning. 

If they want an off-market property, I even built a BRRR calculator that they're using to feed-in the numbers from the 'B'uy all the way up to the final 'R'efinance part. 

. - I never, ever heard of 10% of the renovation funds due at closing and I've closed 100s of bridge loans with many different lenders.I think there's way, way better terms out there but I do not know your credit, if it is good these terms are way off.

Step #PhaseStep1DiscoveryTalk to experts and learn (process, tips, design tips)2DiscoveryCreate social media and document story3DiscoveryGeneral research - budget considerations, financing options, permits, regulations, tax considerations4DiscoveryMarket research - competitor analysis, analyze guest reviews, market trends5DiscoveryGather ideas/inspo (blogs, articles, youtube)6DefineCreate brand and vision7DefineCreate guest requirements (e.g. coffee maker, natural light, near activities, etc.) and prioritize must have, nice to have, etc.8DefineSketch idea for look and feel (architecture and design) - map out the floor layout9DefineConsult an architect (is this needed?)