Any recommendations?

Are there particular parts of the neighborhood that are recommended?

I've done both a HELOC and a cash out refinance on my current house to buy my 9 units and it may not be the most efficient way to purchase but it has allowed me to own 2.5 million in real estate and have 500k in equity that will grow at 3% or $75k a year with normal inflation.   

You'd be giving in draws so the value would grow as the money is dispersed 

If you really want to grow your STR, getting it set up correctly is key

Recommend requesting the seller’s existing ALTA Survey, building plans & floor plans, site map, seller’s prior Phase 1 & environmental reports (easy for them to ask lender for copy), full rent roll detail (including renovated/classic unit indications by unit, sqfts, building #’s, full detail), aged receivables report (will allow you to identify hidden delinquency / bad debt yet to be reflected in T12’s), general ledgers / capex ledgers back at least 3 years to ID major capital projects or damage that wasn’t disclosed initially.

Can you please recommend communities with low HOA fees and close to entertainment?

Any recommendations on where I should have assigning contracts drawn up?

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Would love to chat with folks experienced in these specific areas and any resources for continued learning and growing my network and skills.