What professionals did you use to set up your STR business?

I decided to do a deep dive analysis on our market in particular; see how it stacks up against these; and how our own multifamily portfolio stacks up with local trends.Rochester may not be a sexy high growth market but, if you buy in the right location, have a great business plan and execute that plan, you can enjoy great cash flow and steady, double digit appreciation in your equity position!

Another troubling stat is that of the large number of the businesses that fail, a significant portion of those do so because of cash flow problems or because they simply run out of money to continue operating.If you don’t want your real estate investing business to be counted in the number that goes under this year, it’s crucially important that you have a keen understanding of the “health” of your business at all times.

I recently got a letter from a group of neighbors notifying me that the deed restrictions restrict use of the properties in the neighborhood to "single family residential use and that no part ccan be used for commercial or business purposes".

For me this is my business and unless we are under negotiations on a contract most emails or calls after hours are returned the next day.As always just my opinion Best wishes

I am currently writing my business plan the deadline for it is March 10th, 2024 then I will hire someone from fiver who is smarter then me at writing and they will take what I wrote and make it look better and presentable.

@Jake CyeedA Solo 401(k) such as @Joe Homs has is a different form of retirement plan, designed for people who are self-employed and have no full-time employees in any business they control.   

I have a few questions: 1- Is this a legitimate way to set up a business?

Turn it into a business rather than thinking about 1 single transaction 

If you determine it's a viable business model in your area, develop a Plan B; you likely won't need it, but it's still important to have.