One suggestion to consider as I mainly do BRRRRs as well- find a local bank or credit union in the area you plan to buy that offers construction loans.

A well-priced cleaning fee ensures quality turnovers and a good guest experience.

Quote from @Joel Oh: From my experience, Aircover never failed to cover any damage.Ah well there's your problem....If you read similar threads on this very Forum, you'll see that most host's experience with AirBnB are the opposite.

The biggest problem I see with seller financing is the cost of repairs (as well as holding, selling, etc.)

Seems like such a waste but nobody can agree on a new portfolio manager as the old manager was a family friend for multiple generations and well trusted.

Negotiating distressed properties takes skill, and a lot depends on the seller’s situation as well as the property's condition.

If you don’t have a certain amount of funds set aside for these situations as well as your portion of closing costs and some extra reserves for once you close then you’re likely not financially ready to be buying things.

I've been taking RMDs each year as required, and to think that now I am allowed to empty the remainder of the account and move it into my personal IRA without paying taxes on the distribution.....well, that seems to generouse to be true from the IRS....

American Banks (like BofA and Wells) actually did lend in CR pre-2008 but that possibility disappeared after the crash.

Frankly, no matter how well you do safety, dumb guests will find some way to hurt themselves so insurance is a top priority.