I suspect this is the case in most municipalities.

One tip I’d share is to really focus on understanding your local regulations and market demand first — a lot of beginners get excited about potential profits but run into hurdles if they don’t know the rules.Connecting with someone who’s actively running STRs in your area can make a huge difference.

In finance, accuracy isn’t optional — it’s the foundation of every decision. 
Yet, too many businesses still wait until the end of the month to reconcile.
❌ That delay allows errors to pile up.
❌ Cash flow reports ...

…whhhhat about this?!

For those who’ve been doing this for a while, what’s one tip you’d give to someone starting out?

Quote from @Karinne Ovalles: Hi BiggerPockets community,I'm looking into a real estate deal that needs to be paid for with cash, and I could really use some help finding a private investor or lender who might be interested in funding this kind of purchase.I'd appreciate any advice on:- How to approach a private investor about financing a cash deal- Ways to make the deal attractive to someone providing cash- How to reduce risks for both the investor and myself- Recommendations for lenders or investors who commonly work with cash deals for rehab or investment propertiesI'm happy to discuss more details privately with anyone serious about funding opportunities.

Hi,So I work full time, enough to get pre approved,I found a friend / funding partner who's willing to lend me $50k to fund the down payment of the househack in exchange for part of the deal, I used Zillow home loans but they said they normally don't process loans in this way has anyone used a funding partner to buy a househack?

No, this would be a duplex.

*This link comes directly from our calculators, based on information input by the member who posted.Hey @Derek Smith, welcome to the BP Forum!

Try this link: Publication 5653 (6-2022)