I use Proper insurance, unwritten by Lloyds of London, for my STR - covers the extra issues you would expect from an STR like vandalism, alcohol liabilities, business interruption up $10k, hot-tub cooties etc.

I'm looking to partner with my brother to get our first STR by the end of this year/early next.

The number of closed sales in 2024 decreased by almost 22% compared to 2023 (1272 vs. 1622).

Purchase price: $12,000 Sale price: $18,000 Double wide on 2 lots by the lakes that needed completely gutted and rehabbed.

there is tremendous, tremendous demand for inventory - by homeowners, by investors, small and large. 

A2: No, for labor only.Q3: I paid my GC via Zelle and my lawyer by credit card.

If rent is due on the 1st and late by the 5th, apply the late fee on the 6th and serve a 3-day notice immediately.

I was unaware about the 6th month seasoning requirement by most lenders, but I found two that would refi after the rehab is completed.

I don't really have the time to vet multiple agents, mortgage providers, property managers, etc in other markets and trust that I'm getting someone to steer me in the right direction.The Rent to Retirement concept takes all of that guesswork out of it by having teams in place in the markets that they've already researched. 

Typically, this structuring takes place after the property is purchased.If a Transfer Is Feasible:If you’re comfortable with the property tax increase, the property can be transferred to both daughters, followed by a lease agreement with your father-in-law.