I am working on a STR by renting out each room individually.

Purchase price: $1,000,000 Cash invested: $150,000 purchased this distressed off market 5 unit near city park; worked with city to split the property into 5 new legal townhomes and plan to sell individually; plan b is to sell some of the units and keep other units as rentals.

This first year will teach you more than any book.

It teaches you how to prospect, how to talk to sellers on the phone and in person, how to sell/provide value, and how to negotiate.

The lease is up in Feb 2026 and I’m considering converting the garage and moving to renting individual rooms to increase cash flow.. any thoughts on moving to this model?

Also do you usually start with a certain individual first?

And reality no matter who is teaching you..

Can we buy initially as an individual and then re-buy as an LLC in 30 days if refinancing isn't an option (though not sure how we'll get our 100k this route)?

Purchase price: $520,000 Cash invested: $150,000 Sale price: $899,000 bought distressed duplex; completely renovated; work with city to split into two individual units and sold invdividually What made you interested in investing in this type of deal?

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