We have late fees, pet fees (though less these days with the whole service animal abuse), parking fees in some cases, storage unit feeds, coin laundry revenue etc... it can add up.Good luck.

In some states, particularly those with warmer climates and robust population growth, seasonality plays a less significant role.

But how can a "newbie" help other seasoned investors?

If all goes well, I may be able to partner with this seasoned developer in Baltimore to help me through the process and we're currently discussing what that partnership might look like.

My problem is that every six months I have to move (summer season North Carolina, winter season Florida) so I can't use first home trick.

It’s very seasonal here and the only months I’m actually paying the mortgage in full is during high season in summer.

Whether you're just getting your footing or already seasoned in real estate, I'd love to hear your journey—what sparked your passion, the lessons learned along the way, and how your perspective on investing has evolved.

This property would be great to build two houses, subdivide and sell.The second deal is a duplex with a storage building on the premises.  

However, most banks have seasoning periods now so you probably wouldn't be able to actually tap into that equity for at least a year since your original loan was likely just to build.These equity plays are a different strategy, but combined with usual appreciation, can also work, especially in some markets more than others.

Hi,   In Muskegon more specifically, to note for seasonality of this.