- In our opinion/experience, it's important for an OOS investor to understand the "lay of the land".

But I feel it is important to point out that the 10% appreciation example works both ways - if a property decreases, it decreases on the full market value.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Bigger Pockets sent out an alternative investment article which included ATM investments as a suggestion. 

I lost over $20k in opportunity costs while my money was tied up (important lesson learned but wouldn't fit below)Lessons learned?

That's why it is important to educate yourself and find a mentor.

What's important to me is that your 401K isn't viewed as something you can just take money out of for personal use but if my 401K is there to fund my retirement and I borrow money against it to fund other retirement assets I don't see the issue.If you have more questions let me know.

However, short term rentals are much less passive than long term rentals and are essentially a hospitality business, which is in and of itself required a whole additional layer of knowledge and expertise.With regard to your question about private lenders, it’s important to draw a distinction in terminology between “private” and “hard money.”

Knowing this space well is important imo.  

Watching videos is a great way to learn, but one of the most important things is to take action.