Hard money and JV structures can work well for a first build, especially if you bring the deal, the vision, and solid due-diligence like your perc test and local comps.If you ever want another set of eyes on deal structure or partnerships, I’m happy to share what I see through my co-investing club.

Rental licensing and lead testing requirements cost the same, common utilites cost the same, snow removal costs the same, general libility insurance costs the same, tax prep costs the same and the list goes on.

Chatgpt might also be able to help, it has a way of pulling data and info that is supposed to be pay to play.  

Run the numbers like a builder, not a landlordNew construction profit comes from tight budgeting + timeline control.Make sure you:• get multiple GC bids• include a 10–15% contingency• stress-test holding costs and delays• underwrite conservative ARVIf the deal still works under conservative assumptions, you’re on the right track.

Lesson: if you do not have two separate guest stays completed in 2024, there is no way to meet your 7-day test.

Normally, a cut would pull yields lower, but Powell’s tone left traders uneasy—hinting at more cuts down the road, which sparked fears that the Fed might be too aggressive and risk reigniting inflation.Add in sticky inflation expectations, strong economic data, and a hefty 30-year auction that needed higher yields to clear, and you’ve got a recipe for upward pressure on long bonds.

There are tons of them free on google.One thing I do is set up the unit/house and then stay for a few nights just to test things out.

Banks will be tested on these again in the near future.

I’ve tested pretty much every lead gen method out there for myself and for the investors I support — and honestly, consistent direct outreach has been the strongest performer for us.Happy to connect and hopefully collaborate on something soon!

Underwrite a bunch of real deals, stress test them a little, and buy the one that still makes sense.