What have been your biggest challenges and successes with hard money loans?

Biggest key is to make sure you have the right teams in place and boots on the ground to help you manage / inspect / repair the property.

 I’ll start and feel free to brag about your failure.   It will be fun and insightful.  Way back in the day, probably 27 years ago I owned the domain escrow.com.  And let it expire.   That has to have been the worse d...

Flipping channels on TV and Social media scrolling are thee absolute biggest time killers.

@Daniel Sabato - Ensuring that you have accurate market rents is probably the biggest driver of pro formas and ensuring that you hit your investing criteria.

Out of curiosity, anyone care to share their biggest pain points, gripes, or frustrations with building financial models?

The biggest issue with using this is that leaks don't always show themselves right away so you have to go into the attic to inspect the plywood for signs of leaks.

The biggest thing on STRs is your guest count, amenities, and top 5 photos.

I am often asked this question:  "What is my biggest financial risk in buying/owning a short-term rental property?"

The biggest thing I see new investors do, which JD calls out in his response to me, if you are simply going to invest in the deal with highest projected yield, you can generally assume you are taking on the most risk.