Plus Self storage is a heavy positive cash flow investment while Teak farms are negative cash flow so they offset.  

To answer one of your questions, I doubt you will ever find someone willing to give a loan in 2nd position on an investment property. 

About 1/3 are still not providing distributions but their cash position is strong and I'm not concerned about them potentially selling at a loss. 

In this completive market, it seems as though off-market deals is the only place to really find a "comfortable" position to be in (although completely aware that we are all in a risk filled area of investing). 

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

For the experienced cohosts in the group, I’d love to get your thoughts on payment processing options for cohosting companies (LLCs) that position themselves as property management companies but operate without a broker’s license.As an investor and soon-to-be STR entrepreneur, my business will initially focus on managing a small portfolio of vacation rentals with plans to scale. 

Shouldn't you be entitled to actual reports for the business seeing transparent financials along with understanding exactly what your equity position is?

It should be common sense that if you respect your tenants, understand the culture and provide a positive and enjoyable experiences, in many cases that is reciprocated.

I'm primarily focused on scaling, so I make sure I have some reserves for the rocky times and work to make sure my portfolio is cash flow positive. 

We still find deals here that meet the 1% rule, positive cash flowing, and have tons of potential for appreciation.