I learned SO much reading and editing BiggerPockets contributors that I turned around and did a bunch of my own deals — a flip, 2 house hacks, 2 short-term rentals, and one long term.

after about $550,000 in remodel costs we reopened the wash under a new name with new logos and branding. we introduced targeted online marketing ads, negotiated wholesale pricing deals with local car dealerships to offer a year of free carwashes with the purchase of a new vehicle. created a monthly newsletter and sourced emails from local businesses. all in all I would say we double or tripled the bottom line numbers of the business in six months and boosted google reviews thru the roof!

In your long-term rentals, which do you prefer and why? 

Prepayment penalties- usually 1-5 year terms.

It's a long process and an uphill battle in your position.

Prepayment penalties- usually 1-5 year terms.

Hello all, I had repairs done in tenant's unit and they had a meltdown over damaged property.

What advice would you give to an investor starting out in terms of location?

I am now approaching 115+ days since assignment on my first 3 deals and because I am in NYS, my attorney tells me that I cannot even speak to buyer’s or seller’s attorneys due to “breach of contract”.I lost my first deal in fact because we were hindering on 130 days since assignment (should have been long closed) and the city decided to demo before we closed and were able to takeover in court.

As long as you are living there, it shouldn't matter.