Prefer keeping this kind of stuff behind closed doors if possible and sorting it out without revealing dirty laundry.I would have been in the same boat as many other turnkey providers that are no longer around if I didn't focus on limiting how much business I take on.And even with my stupidly strict criteria, we still copped the brunt of the sword.Business is business and people are people, sometimes things just don't work out.It's a true shame but such is life.I always want whats best for everyone and for every deal to work out and for everyone to succeed.With the best intentions, mistakes are still made.Those that work hard and do their best, will also make mistakes unfortunately.Again, I sleep in peace and whenever I F@#$ up, it's an honest mistake so crucify me all you want.Thank God, never been sued and back round is squeaky clean and I intend to keep it that way.Less is more and when crisis does arise (It always eventually does no matter how much you prepare and do your best), we can hopefully rectify and do our best to fix.For example, just had an investor loose $50,000 on a deal and the next few deals we are working for free for this investor.We don't have to do this, we want to...Not sure how we would be able to accommodate such an instance if I had 50+ investors loosing that much so I guess my stringent on-boarding criteria has saved our A$$ for 10+ years now.Granted, I'm burnt out on folks and have pulled back even more from doing our "measly" 4-5 turnkey deals per month and have decided to focus on just building my own portfolio.Like I initially intended when I moved to this country in 2012.Thanks mate and keep being great

Throw in some extra costs like moving expenses, professional photos (a cost the STR PM may also need to pay depending on the quality of the existing photos), renter's and lessor's insurance and a listing on furnishedfinder to round out some of the start-up costs.

My biggest pain point is rounding up help to move them in and out, as I'm a solo self manager.

Neighborhoods on the shores of Lake Travis, in Round Rock and in Driftwood are among the hottest housing markets in the Austin area. 

Hi Greg, I’m still relatively new at this, only being involved in real estate investing about 6 years this go round.

Assuming the area you do arbitrage in is not a seasonal area and have demand year round with maybe some fluctuation.

- Contacted other investors from the previous investment round that completed (if I can find them)?

Transfer money between business and personal infrequently and in round numbers.- Once it looks like you are going to clear $50k for the year - after everything is deducted!

I'd like to set up something that gives us an alert if someone is at a vacant property after-hours and to determine if a home is occupied without paying someone an hour round trip to find out (for the rare default situations).  

They took over.. they made it about 20 months another round of cash calls.. then they could not run the individual projects ( there were over 75 of them) and boom one by one they went into BK and were liquidated..