If you have a specific property in mind, maybe call the inspectors office and get info on the process and what they are looking for when inspecting for a STR.You might be able to have one come out before the purchase to get their opinion.

So my plan is to purchase the property, build a quadplex and once completed roll the land and rental into a consolidated VA loan at 0% down, no funding fee and closing costs rolled into the loan.

I purchased the kindle version of J.

@Chris Seveney any recommendations for someone with some experience but trying to get theirs arms around systems and processes to scale their portfolio?

So the IRS would expect in that case smaller estimated tax payments for Q1, Q2, and Q4 and a larger one for Q3.

Our son is turning 25 and is already in the workforce.. we have jointly prequalified ourselves for a real estate purchase up to 500k, I think we will try and pick up a beginner property... our daughter is 22 and is still finishing up college... the story will continue!!

I purchased the property for $690K and invested an additional $20K in remodeling.

Purchase price: $575,000 Cash invested: $40,000 The "Top 4" Wealth Generators: 1.

We just closed on an all cash purchase via an SMLLC of a SFR at auction (at a healthy discount to market due to distress) that we intend to use as an investment property, and we're looking for guidance on the best strategies for pulling as much equity out of the deal as possible to roll into another property (identified but yet to be purchased).  

Before I make a purchase, I want to make sure I'm choosing the right product.