.#5 Build Out Your Database in a Spreadsheet Once you start to get a better understanding of Labor and Material costs you will want to store this data into a spreadsheet or software that you can use to help you streamline the estimating process.#6 Practice, Practice, PracticeWalk through distressed fixer-upper properties (or find properties virtually online) and practice creating detailed scopes of work, quantifying repairs and estimating rehab costs for the projects.This will help you get acquainted with common rehab repairs, rehab costs & estimating terminology.#7 Get Your First Rehab Project!

And store?

She asked for more cabinet space to store food for her kids.”

For example, nail salons, grocery stores, restaurants/coffee, etc. will be a better attraction for tenants rather than a traditional medical office.

Think of it like the self-checkout lane at the grocery store – you can complete many more transactions in the time it normally takes to do just one.No Credit Check: Forget about your credit score.

If the park includes extras like bathhouses, laundry, or a store, your staffing needs increase accordingly.Infrastructure and maintenance are another big challenge.

You can have lease agreements signed and stored online through them, collect rent directly through them with no charge to you or the tenant, track all income and expenses, etc.

In my experience, furnished units can complicate things.And I also understand that getting rid of the furniture, whether is selling it or storing it can be a hassle as well.Curious to hear from the BP community on your take on furnished long-term rentals?

For us, Wayfair and local stores like Ashley Furniture or Target work great for furniture, and Amazon or Walmart for bedding and kitchen basics.

I capture the receipts as soon as I leave a home improvement store and it has saved my butt because those receipts pile up fast when you're in active renovation on multiple properties.