Unlike a traditional rental license, creating a shared housing facility requires city council approval and opens the project up to a public comment period, which means that you basically need to get neighborhood buy-in to operate the property.

Investment Info:
Single-family residence buy & hold investment.

Purchase price: $309,000

Cash invested: $25,000

My first rental purchased with equity from my first home.

What made you inter...

The holiday months basically 

When I first got started, I felt overwhelmed by all the different strategies and opinions out there, so I kept it simple and focused on learning the basics: how to analyze a deal, what financing options fit my situation, and what kind of property felt manageable for a first step.One thing that helped me early on was connecting with other investors who were just a little further ahead since it gave me perspective without feeling out of reach.

A unit with granite countertops and high end finishes will rent exactly the same amount as another unit in the same complex with basic finishes.

I have a number of investor clients who choose to carry just a basic fire and liability policy, and that can make sense if your goal is to keep premiums low and you’re comfortable taking on the risks of wind, hail, or theft yourself.

It was basic on one property and the expectation was that I would just know what was done for one to be able to set up the others.One of the benefits I found with Hostfully that I did not get with Hostaway was the ability to bulk upload things for multiple properties.

Long-term fixed rate debt and quality location --> going back to the very basic !

Since they were all Facebook folks I just went with the same basic invite.

Basically I wasted a lot of opportunities.