Property Selection & Setup: Are there certain property types, layouts, or amenities that perform best for STRs?

.- Bulk Purchases & Portfolio Acquisitions: Banks and hedge funds often look to unload non-performing assets in bulk.

Originally posted by @Don Spafford:@Randall Gonzalez I just now watched the Jerry Norton 10k webinar talking about it.

Look at the amenities offered by top-performing properties in your area and aim to meet or exceed their offerings.  

There is a lot of public info out there on their funds and how they are (not) performing.  

The main lesson for us was that there is still a level of due diligence that our team must perform regardless of screening software.

They originally wanted 360k, but the mortgage would have the property running negative for the foreseeable future until all renovations are done, which I won't do. 

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Obviously past results are not necessarily indicative of future performance, but it seems like a great investment for accredited investors to get a low-risk, solid return in exchange for some illiquidity.

Every lender has guidelines; that’s why it’s important to perform due diligence with lenders, just as they do with borrowers.