It’s flexible and can help you fund deals quickly.Lease Options: Similar to “rent-to-own,” you control a property with minimal upfront costs and can potentially get a cut of the appreciation if you decide to buy it later.Lines of Credit: If you already own a property with equity, a HELOC or business line of credit can give you accessible funds for down payments or renovation costs.House Hacking: This might sound basic, but if you haven’t tried it, it can be a fast track to building up rental income and experience without a ton of cash down.

The investment is on track to significantly increase in value and contribute to the long-term success of the portfolio.

It looks clean and bright and I never have to keep track of which color I used.

It’s on track to do over 45k gross as a STR with current bookings, but may end up closer to 55k as I get mostly last minute bookings (a lot from contractors needing a big enough space to house their crews).

Having a good agent that has a proven track record with Condotels is going to be very important for you and should be able to help with many of these questions. 

If you need to modify the agreement, you need to keep track of the notices/addendums and then over time interpreting the lease becomes messy because the agreement is actually the sum total of ALL of those documents over time.

We look to see the local market through our partner’s eyes and help them spot and rate opportunities and then we help them execute the best ones.We focus on real estate developers and GCs that have a track record of getting things built, but that are not so established that they have a large network of equity capital providers.

My advice, find a tenant who has a track record of paying rent.

In addition, they track vaccination dates.  

PS: I have an excellent CPA, not looking to change, just looking to figure out a better process to streamline expense/income tracking and allocation to different properties.