You will need to have the full construction funds and holding costs available on your own so this one consideration to keep in mind (the hard money lender reimburses you via draw schedule reimbursements).RehabAs the property is going through the purchase closing process, it's imperative to get three general contractors into the unit to provide independent rehabilitation quotes.

A savvy Investor would possibly have G.M. s stay free for a weekend to try to draw off the hotels tight nights to fill empty beds.Has anyone built a business around STRs?

In some cases, homes are listed as sold for under 100K in neighborhoods where retail homes are going for 400-600k, and I'm wondering if someone just dropped a zero fat-fingering the numbers into county records or whatever other system Zillow/Trulia draws from. 

Goals in priority order: 1) Cash Flow; 2) Income replacement ($150k/yr to end of life); 3) Legacy for 3 childrenAge: 57; retire from corporate in 5-7 yearsLocation: Austin, TXInvestment Stats:2 SFH owned outright; value $240k each; LTR $1600/mo each; cash flow $950/mo each1 SFH just bought; value $264k; loan $180k; STR - rentals will cover PITI/expenses; not sure about cash flow yet1 SFH (residence); value $650k; loan $385kMaxed out for conventional loans based on income to debt ratio; doubtful could get another loan through traditional big bankCash-like assets:401k value: $200k; loan max is $50k; can start drawing in 2.5 yearsStock value $300+Experience: Buy and hold onlyIf you were in this position, what strategy would you use to best meet the financial goals laid out by leveraging existing assets to build a solid RE portfolio?

Also, with the growth of the city, not that I would be investing in appreciation, but that's one of the draws of Waco for me is that it can cashflow and there's an opportunity for property value to increase in the area.

Drawing the line between subcontractor and gc is can be a gray area but the are a lot of subs that have a gc license and should be willing to talk about it.   

This was my understanding of the agents job from before I got into the business.In TN the agent did suggest properties- but mostly just by drawing my attention to stuff I was already seeing in the auto emails. 

I Learn a pretty hard lesson yesterday and it took me a day to understand it so I would like to share for future adventures with Private or Hard Money Lenders ^_^Lesson: Make sure we understand everything about the financing and Draw schedules to the detail of what does the lender consider 3rd or 4ths on the Task of the Projects.

It's very nice, but not a draw on its own.

You can't force it or even allow it to draw you easy from mastering your original area.