How much are you budgeting to lose due to your inexperience?

It's great that you're bringing in experience from your family and have done your homework.The Maine property for short-term rental (STR) sounds like a fantastic opportunity, especially since you've done the math and it seems financially viable even with a property management company.

I know this has been asked, but I have a few important variables (management fee, inexperience)This is a buy and hold single family home(s) partnership.I have a partner who invest only cash, and I will do the work + invest cash.

However, due to my inexperience, he is requesting a down payment around 300k.

I would not be willing to pay a hard money lender considering my inexperience.

A bad tenant due to inexperience is one of the #1 reasons I have many clients.

Calling one way pathetic compared to other ways shows inexperience or ignorance to different situations that can occur to landlords or managers of property.

However, since this is your first venture into commercial multi-family, you will most likely find no luck in getting investors to back you due to your inexperience.

The GPs are beyond inexperience, they lack common sense, in my opinion.

Having a great team of professionals around you will make up for your inexperience until you have a few projects under your belt.