In my opinion, the hardest part of STR is getting it up & running.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

•What are your opinions on this and why?

I am considering getting into this space (looking at some courses), but worried that its too late, and that deep local market knowledge/understanding of buyers/connection with developers etc is required to make this work, which only incumbent/long term investors will have and would be hard for a new entrant starting from scratch to catch-up...is my hypothesis valid in your opinion ?

@Steven Catudal, In my opinion 100% you and 0% partner.

It may be a small chance of getting caught, but still a chance which makes it not worth it, in my opinion. 

Also, I have been researching the red flags of subject to and there is just so much risk with that and NOT telling the bank told to me by Pace (through videos and the courses) which is also a MAJOR red flag in my opinion which I did not realize he was doing until I learned more.

Taking the risk of a tenant while you yourself are renting is not optimal in my opinion.

If you’re not satisfied with your current attorney’s approach, it may be worth seeking a second opinion to explore other strategies or angles you might not have considered.Next, focus on compliance with housing codes and tenant protection agencies like DCF.

We all will have our own opinions but end of day it is up to you if you value $10,000 as.I was booted from the FB page because I dared to explain why some of the things his students, and I use that term very loosely, were espousing were simply illegal.