The market seems affordable and AirDNA number look good on for short-term rental.

@Dan Stelmach first of all congratulations on your excellent investment.

@Mateusz SkibaRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

My realtor suggested offering it amortized over 30 years with a 15 year balloon, as that what she sees her other investors doing: focus on the cash flow, then when the 15 years is up, do a cash out refi, exchange, or sell to move into something bigger or better.

We are aware that the yard is large enough to accommodate additional dwellings according to local building codes.We are seeking advice on whether there might be any issues with building additional dwellings given our current loan.

My tip is to focus on what adds the most value to the property and the market you’re targeting.No matter how thorough your initial budget, unexpected expenses are almost inevitable.

Just realize that at the end of the day it is the Inspector's name on the line if something were to happen, so it is not a surprise when Inspectors want everything opened up to see what is behind the drywall.3) IMHO, the ideal option would be for you to get permits for an expansion and bring everything up to code using those permits.4) Lastly, if your ground floor unit is vacant, I would recommend keeping it that way.

@Shawn McCormick is a great resource on that area.

My co-worker got me into the youtube real-estate rookie and now I'm here on bigger pockets learning more.

Does anyone have experience purchasing a mixed-use property on an auction site sold "as is" with a quitclaim deed?