Great community to bounce ideas off of as I build my knowledge base.  

Am wanting to add a STR to my portfolio and thought having one near where I live was a better idea than investing out of state.

Or any ideas of where I might be able to sell this unit would be super helpful.

These are just ideas I have been asking myself.I think if I could just pinpoint a direction I am confident in, it would make things so much easier to focus and really strive toward.

I’m also open to sharing resources or brainstorming ideas to help you find someone in your area who can guide you in wholesaling.Feel free to reach out if you’d like to connect further!

There are programs to find solds so that would be a good idea but an agent can pull directly from the MLS.

I have no idea why, it seems obvious to me that things wear out over time, and especially with most being aware of depreciation I have no idea why there is a disconnect as to where depreciation stems from. 

Hypothetically, if I found a property with strong rental demand, the income could cover loan payments, operating expenses, and generate a modest positive cash flow.While this example involves upfront risks, the idea would be to leverage my father’s expertise as a contractor to minimize renovation costs, boost the property’s value, and create a long-term asset that appreciates over time.

Apply for a dimensional variance on the vacant lot to allow a smaller lot and/or setback so it can be built upon.Your best first steps are to sketch a plan, possibly with an engineer's help, then contact the zoning department to discuss your idea with them to get informal feedback on your liklihood of success before you spend a lot of money.

Which you should always do anyway because tenants should never get the idea that rent is negotiable, ever.