Do I complete work out of pocket and send invoices for reimbursement?

There are many strategies for off market...Searching public records for preforeclosure defendants, evictions (plaintiff may be tired landlord), etc can be a good source.Driving for deals is time intensive, but tried-and-true.

Good luck in Seattle and I hope things work out for you!

Do your best and if it doesn't work out, sell to another Airbnb host.

It is VERY management intensive, hence the reason most managers will charge 20+% of revenue, versus 10% for LTRs.  

If it's an (A) location you do not need 1.5 years especially to land a franchisee restaurant tenant.When I look at a property I look at the current value, the dark value, and the re-potential value.Lot of commercial developers sell off marginal tenants at market rents.Example me buying a Wal-mart with 10 plus years left at a 7 cap is way different than trampoline or workout place at a 9 cap.On its face the 9 cap may be appealing but then you find out for that box size the crap tenant is paying 1 dollar below what national tenants pay.

If you can figure out a specific strategy and be THE guy in the space, it could work out.

Lovely attached, outdoor terrace to relax and enjoy the seasons, sparkling community pool and large gym for workouts.

Keeping rates high could destroy capital intensive activities and businesses.

I figure I can always go back and run more background checks on people further down the line in the process if something doesn’t work out with the first applicant or two.