Find that sweet spot, know your limits, and juggle wisely.Remember there's no one-size-fits-all formula for success in the real estate game.

Conventional will give better rates most of the time, and no PPP, but moving to an LLC after the fact opens the risk of a due-on-sale clause. also the debt does appear on personal credit, and could affect (effect?)

I want to make sure I'm setting myself up with a team that has the resources and structure for long-term growth.I appreciate any advice you can offer on finding a good fit Honestly, I would first find an experienced broker/LO and see if you can work under them for a bit.

As a result, when the property is sold, depreciation recapture rules apply, potentially increasing your taxable gain.Additionally, the recent increase in the State and Local Tax (SALT) deduction cap is currently set to remain in effect through 2030, unless modified by future legislation. 

Hi DominikIt seems you have specific needs that may not fit into the well-known systems like Buildium, Appfolio.

Here’s a quick shortlist that fits your needs (3 doors):Stessa - built for small portfolios; auto-tracks income/expenses and lets you scan receipts via the mobile app.Hemlane - end-to-end PM: leasing, online rent, maintenance, accounting; good if you want workflows plus optional local agent help. hemlane.comBuildium - more robust if you plan to scale; solid accounting and document storage/e-sign for leases and notices.DoorLoop - all-in-one with straightforward pricing as you add units.

No, all the funding is being provided by the private lender.Apparently, the way this works is the DLBA allows the sale under specific conditions, including that the property be renovated to a certain standard within a set period of time.If these conditions aren't met, the DLBA can effectively step in and take back the property.Or, at least, that's my understanding.Anyone have any experience with this?

These loans have been a good fit for investors focused on portfolio growth since approval is based on the property’s cash flow rather than personal income.The loan type has to match to  client’s goals as some prioritize cash flow and flexibility with DSCR, while others start with conventional for better rates before transitioning.

Welcome to the industry Connecting with experienced brokers is a smart move they can give you insight into the local market and help you find a brokerage that fits your goals.

My team sent you a property in Illinois that should be a good fit, and it's not currently in our wheelhouse.