I am being hounded by Ads on social media about using STRs to substantially reduce W2 income.

The payback on the extra $15K to $19K in turnover cost is about 3 to 4 months of the additional rent once stabilized.I modeled three scenarios: worst case (rents stay at $6,300, no REP qualification, turnover takes 18+ months), expected case (rents grow to $8,500 to $9,000 within 12 to 18 months, REP + cost seg), and best case (rents hit $9,000 within 12 months, REP + cost seg + refi in year 3).

We started with a turnkey rental to learn the basics and build confidence, and now we’re beginning to explore more creative strategies, including seller financing, as we work toward adding our next property. 

A couple quick topics you'll want to read up on or get clarity from your lender:- VA certificate of entitlement and using remaining entitlement (you can have more than one VA loan at a time)- Reserves and experience requirements for VA multifamily loans- Adding non-veteran borrowers to VA loans (if your friend is not a veteran with entitlement)- When you can and cant use rental income as qualifying income for VA loans

What value is the “middleman” adding if he’s just listing the property on MLS?  

I’ve seen the biggest breakthroughs come from tightening systems before adding more doors.

I opened a brokerage account with fidelity, and added 20 shares of schd,  and I share of dgro, I also am starting to purchase treasury bills.  

In my market (which is a Midwest one) that is a D to C- area.

Great Rachel, I send you by pm how to be added to our group.

Hey BiggerPockets members,I’m looking to connect with developers or flippers who could use extra hands on their deals(if you are doing something else I still would like to connect).