Oh, one more thing to be wary of, section 8 contracts states that if you have long running issue and not fixing it, not only can they stop the rent payment for that unit, but for every unit in that property.and another one. 

After reflecting on a strategy someone used to buy 15 short-term rentals off-market in just 12 months, I thought of an idea.

I'd say three months on the short end to six months on the long end.Oh!

You might also consider highlighting the benefits of a quieter, more relaxed stay during the week in your listing description.Since you're already optimizing your pricing with Priceless, a short-term promotional discount might just be the extra push needed to boost weekday bookings.

So if you over 10 hours a month dealing with your rentals you actually will be saving money by hiring a PM. 

To make my question short, my wife and I just sold our house in Lincoln and made a profit from it.

RENTAL INCOMERent your moneyRent your expertiseRent collected on hard assetsREnt collected from JV deals with others.REnt collected from putting your Money and Expertise together to create value then sell.

All of this is normal, not too costly, and the process is fairly easy.My point is that your friend is likely lending you a life-changing amount of money and should understand what he’s getting into, how to protect himself, and his options if something goes sideways.

This market is huge.My only advise would be always searching for deals and running the number using the calculators the BP has.

There are lenders that do not have this requirement of course, but they are mainly hard money lenders or local portfolio style banks.