I'm curious to hear about when your business went from being funded by your friends and family to being funded by your broader professional network. 

My CPA had a letter in my tax prep documents that says that those with W-2 income can't deduct business mileage anymore.This is the first I had heard of this.

I am a new investor and I am in the early phases of putting a team together to break into the Cleveland, Ohio Market.I would really appreciate it if you could please post or DM those PM's/Real Estate Agents/Lenders you would recommend (and also those to avoid).I know PM's could make or break your business, so that would be the priority; I would however like to get contacts for Real Estate Agents and Lenders as well.I would also appreciate if you could share your experiences, knowledge (areas to invest; areas to avoid), general tips etc.Thank you in advance!

It can be all about who you know in this business.

Fund 1's business plan was to do a light renovation and add management efficiency to achieve the target return. 

Be mindful that if you are doing business in Philadelphia(both as an independent contractor and as a person who has rentals), that you may be subject to Philadephia taxation.Philadelphia may require you to file and pay taxes on the BIRT(Business Income Receipts Tax) and the NPT(Net Profits Tax).I often find these forms to be missed by accountants not local to the tri-state area.Best of luck!

I was too busy concentrating on things like the % of renovation / walls opened when really the real trigger is simply the change of use from R-3 to R-2, which would happen regardless of any other changes.

If it's a business, this is imperative, even if running a STR is just a hobby for you, it will be good to know if you will have out-of-pocket costs each month and how much they will be. 

If your objective is to put them out of business, sure that could help.

So many investors are serious about needing financing but get busy with life and just need a reminder from you.Marketing... always be marketing.