If you are looking to use it as a personal vacation home as well, you should know going in that you are going to lose money, IE it is not going to break even.

Think parts of the Midwest and Southeast.The biggest factors that make deals work right now are:Buying deeply discounted properties where the rehab forces real appreciationKeeping rehab budgets tight and intentionalRefinancing with solid DSCR terms (lower rates, 75%–80% LTV, and good DSCR coverage)They’re not common, but they do exist if you’re patient and run strict numbers.Looking forward to seeing your progress!

The first step is figuring out what makes more sense financially and personally:1.

You need a lower barrier entry market, that is SOLID not hyped.

My written goals are in development at the moment, the goals and strategies to achieve them I look to get assistance with here so I have a solid business plan moving forward.12 and 13.

if it doesn’t cashflow how many months can you afford to make the payments personally before you lose your DP?

I’m trying to understand the full process and potential risks before making a move, so any personal experiences, advice, or recommended resources would be greatly appreciated.Thanks in advance! 

While it's easy to get swept up in the excitement of finding deals, overlooking these key areas can significantly impact your long-term success.A solid tax plan helps you take advantage of deductions, optimize your investment structure, and retain more of your income.

If your unit is well-furnished and in a convenient location, you’ll likely see solid occupancy.

Before I move forward, I wanted to see if anyone here has recommendations for a solid attorney, CPA, or formation service in Ohio who can help me get it done correctly (operating agreement, structure advice, etc).