The CEO doesnt get mired in the details and work the front line, they set strategy and get updates to ensure the company works along that strategy.I also disagree with your view on property managers.

His fast-response team and 24/7 guest support are crucial to smoothing over any bumps along the way, ensuring everything runs like a well-oiled machine.When we shifted to lessons learned, Ben couldn’t stress enough the power of social media.

My desire would be to tender a contract to purchase the property, pay off their loan while ensuring the owner receives fair compensation and I receive the house.

Any advice would be appreciated..before I meet a stranger from Craigslist  Hey,I have connected with a lot of random investors on the internet and would encourage to jump on the phone with them first and ensure as best as possible they are legit and not a scammer.

If you truly want to protect yourself against STR regulations and ensure the value of what you purchase can be transferred (this last part is important) only buy where these three principles apply: (1) the use is allowed, (2) the use requirements are protected by in place permitting and licensing and (3) the permissions are transferable through a sale.

The deposit is your leverage to ensure the tenant complies with the lease.

Any areas of damage should be located and repaired as needed to ensure the stability of the home.

Negotiation involved a thorough analysis of the property’s potential and local comps, allowing us to secure it at a price that would ensure profitability after renovation.

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.

Also ensure that the home is in the same condition as when you viewed it and put that as a condition of releasing escrow.