Quote from @Elealeh Fulmaran: Given your skills and equity, I’d suggest keeping it simple and profitable:BRRRR-lite on SFRs/duplexes — focus on quick, clean rehabs, stabilize, DSCR refi, and repeat.If you prefer fewer tenants — consider small neighborhood retail or industrial with sticky local businesses.Next step: pick one lane, define a clear buy box, and line up financing (HELOC for speed, DSCR for takeout).

Nice work lining up the HELOC, that’s the hardest part for a lot of people.Even though you are no longer in WI, you can absolutely keep investing there; you just have to be intentional about (1) how cash moves from the HELOC into the WI LLC/deals, (2) how income is sourced/taxed in WI vs where you live now, and (3) keeping clean books as you scale.A real estate focused CPA can guide you through the best structure so you are not overcomplicating the entity/tax side while you grow.

Few to add - Do they have emergency lines 24/7 in place, how do they confirm and make sure tenants maintain liability insurance, professional pictures and video for marketing? 

I collect a pet fee to help offset the cost of any additional cleaning that might be needed for pet hair and such.

According to Airbnb:Guests who book Airbnb listings that are located in the City of Tuscaloosa, AL will pay the following tax as part of their reservation:City of Tuscaloosa Lodging Tax: 11% of the listing price, including any cleaning fees, for reservations 29 days or shorter.

Clean/sweep the parking area and take a new picture.

Once cleanings stopped being a fire drill, everything else felt way easier.

Hey Leelynd — nice work lining up another solid deal.

Here’s the listing:--> https://www.zillow.com/homedetails/398-402-Boston-Post-Rd-Wa... price: $350,000My plan:Live in the smaller homeRent the larger home immediately (after light cosmetic work)Use FHA (3.5% down) + CHFA (down payment assistance)Reduce my personal housing cost as much as possibleSlowly fix my unit over timeBuild equity and eventually refinance to help fund a future businessNUMBERSPurchase Price Target:Offer target: $260,000Expected seller counter: $275,000–$300,000Currently listed at: $350,000FINANCING (FHA + CHFA)FHA 3.5% downDown payment covered by CHFA assistance programEstimated interest rate: ~6.5–7%MONTHLY PAYMENT ESTIMATES (P&I + Taxes + Insurance)At $275,000 purchase:Mortgage (P&I): ~$1,775Taxes: ~$420Insurance: ~$150--> Estimated Total: ~$2,350/monthAt $300,000 purchase:Mortgage (P&I): ~$1,940Taxes: ~$420Insurance: ~$150--> Estimated Total: ~$2,510/monthRENTAL INCOME ESTIMATE (Big House)Based on local comps:Low: $1,700/monthTypical: $1,800–$1,950/monthStrong (clean/paint/update): $2,000–$2,100/monthMY OUT-OF-POCKET HOUSING COST AFTER RENTIf I rent the big house at $1,900/month:At $275k: ~$450/monthAt $300k: ~$610/monthIf I rent at $2,000/month:At $275k: ~$350/monthAt $300k: ~$510/month(I currently pay $0 in rent living with family, so my goal is to keep my costs low while building equity.)REHAB ESTIMATESBig House (rent-ready):Cleaning + paint + small fixes: $1,000–$3,500Optional cosmetic upgrades: $2,000–$5,000Small House (my unit):Cosmetic repairs only: $500–$3,000Optional improvements (done slowly): $2,000–$7,000Major systems (worst-case ranges):Roof: $8k–$12kBoiler: $4k–$8kElectrical panel: $1,500–$4,000Plumbing repairs: $500–$2,000 typical(Inspection will tell me more.)CASH NEEDED TO CLOSEWith CHFA:Down payment: $0 out of pocketClosing costs: varies, but often reducedExpected out-of-pocket: $1,400–$1,800Inspection: $400–$600Appraisal: $500–$700MY FINANCIAL POSITION(To give you context for risk tolerance)Income: $5,000–$6,000/monthMonthly bills: ~$2,600Emergency fund: $10,000Credit: 717Access to 0% APR business credit card (likely $8k–$12k limit)Currently pay $0 rent (living with family)MY QUESTIONS FOR THE COMMUNITY1.)

They can’t review the “hot” deal their broker just sent them because they’re too busy categorizing emails in color coded category’; they can’t attend the on line networking session because they need to switch over to a more detailed CRM system; they can’t visit the property going up for auction because their scheduled weekly garage cleaning is running overtime…..The Student – This person never feels they have enough knowledge, experience or education to properly evaluate an investment.