To kickstart this project, a comprehensive home energy audit is on my agenda to craft a strategic retrofit plan that significantly enhances operational efficiency by 40-70%.This endeavor seeks to diverge from common quick fixes, such as installing baseboard heaters, which merely shift heating costs to tenants.

.- don't get too hung up on the details here. if you're underwriting 25 similar deals in one market and they don't make sense, you have to change your plan somehow. don't keep looking for something that's not penciling out. do what you have to do to tweak your buy box & be ale to make solid offers within the next 2 weeks!

Look for up-and-coming neighborhoods, study market trends, and network with other investors for advice and insights.okay, i was planning on maybe using like 20k. hmmm good point!

Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy.

The property is currently doing two long term rentals and I live in the 3rd unit, but I plan to convert two units into STRs this summer.

Here is what IRS has to say about it :https://www.irs.gov/retirement-plans/plan-particip...

We plan to convert the sale proceeds into multiple properties to create passive income. 

Hey Tom that is part of our plan once we have a working prototype.

Make sure you start mapping out plans for your investing journey, as well!

I learned always to have more than one financing plan.