Ohio Cashflow Purchase $33,000Rehab Cost $16,000Profit $15,900We undersold the property and usually aim to make higher profits.

I live in Vancouver, British Columbia, Canada, and have recently embarked on my journey as a real estate investor.I aim to build a solid foundation in real estate investing that allows me to achieve financial freedom.

Many people are aiming for -$500/month cash flow now and then hoping to break even or go positive after refinancing in a couple years at 5%.- You're right, if you want to maximize your first priority (positive ROI), you'll usually benefit more by finding an underpriced rehab on or off market and then developing it with an ADU and/or DADU.

Typically, we aim for about 60% in profit at the sale in year 5.In five years’ time, the units have been updated, tenants are strong, and rent accurately reflects market rates.

If STR isn't considered a rental activity under IRS code, then how can it go on Schedule E which is for supplemental income from rental income?

I never aim for the top as I prefer quick turnover, but $100 under market may be too much. 

We typically assess the market activity before acquisition and my newer investors aim for properties that are already occupied.

Emphasize cash flow, aim for it from day one, and apply operational optimization and value-added strategies to enhance it.5.

I am also trying to collect as much as I can from the sellers but not everyone has great data which is why I'm trying to supplement with an online tool.Where does the data come from when using AirDNA and Awning. 

This is a great way to supplement your retirement income from 401k, pensions, etc.