Fourth, long-term holds reduce transaction costs, such as commissions and closing fees, associated with frequent buying and selling.If you like to discus further, feel free to DM me anytime.

Or, do you simply work with a realtor comfortable/familiar with STRs to source deals in your desired market, let the seller pay the realtor's 6% fee, find a designer to do design/furnishing, then decide between self managing vs hiring property management and paying the associated fees? 

Also remain flexible with your goals and associated time lines.

Leverage magnifies return.3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

The main ways are:Direct to seller: If you’re dealing with the owner, you can put your offer in writing using a standard purchase agreement (your local Realtor association or state website usually has templates).With an agent involved: If the property is listed on the MLS, you’ll usually need to submit the offer through the listing agent.

A great way to start is by attending RE events and joining a local investors association.

Connecting with spec home lenders often works best through local real estate investor networks, builder associations, and private lending groups that specialize in new construction.

You're already on the right track here, but a great way to build relationships quickly is to attend local meetups and Real Estate Investor Associations (REIAs).

It would be an honor if you or one of your associates reach out to me.