This question comes up a lot, especially for investors designing a new short-term rental from scratch.On paper, building larger feels safer.

A larger down payment is helpful, but what matters even more is having reserves plus enough cushion to handle the first year of ownership.A workable middle groundConsider starting closer to home, or pick an out of state market where you have a trusted boots on the ground team already lined up, agent, manager, and contractor.

But it was larger than what I would’ve earned in a month at my previous job.More importantly, it reinforced something I’ve come to understand:Consistency in the early stages doesn’t always come from relying on traditional formulas.My bread and butter is still single-family properties that meet very specific criteria.

The larger house will certainly cost more to build and I presume you will want/need/expect to charge more rent for it.

The prices you quoted above are market rate, except the larger sizes which are below. 

Early conversations give you optionality without committing you to anything.As for timing the 5 year Treasury, even if it drifts lower over the next couple of months, the spread is often the larger and less flexible component.

When I disputed the amount they threatened to foreclose on me if I didnt sign the closing statement when I resold the home. 

Neeless to say, 1099 is much easier without the mess from the bank statements. 

Exhibit 4.4: Activity Log Business/Property:__________________ Year:____________ Complete the following by day:________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________Under penalties of perjury, I declare that I have examined the information contained on this worksheet, including attached worksheets and statements, and to the best of my knowledge and belief, it is true, correct and complete.__________________________________ ___________________ Signatures (both spouses, if married) DateReg. § 1.469-5T(f)(4) provides that reasonable means for proving hours may include a statement of services performed AND approximate hours based on appointment books, calendars, etc.

Quick question for the private lenders in here:When you're managing investor capital (deposits, withdrawals, interest calculations, statements), are you typically handling that in QuickBooks?