You're not in the position to be a cash buyer...as a former wealth manager, it's simply not a good play for you for many of the reasons stated above and more.  

Deals he claimed to have "closed" were not his firm's deals, despite being listed on Next Level Equity's Portfolio page and Justin creating and posting graphics with Next Level Equity's logo the word "CLOSED" and pictures of other people's real estate.

I used Hostify and you can work it into the management system to figure and charge all of that for you.  

Sometimes larger portfolios for sale will have owner financing terms a seller is willing to accept (always negotiable). 

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Ensure your projected cash flow covers expenses, including higher insurance and management fees.If you have anymore questions, shoot me a DM or email!

I'm a managing partner at a holding company that does things a little differently, and we have a one stop shop for everything.

When evaluating a property management company, it's important to look beyond just the management fee and consider the full scope of services and costs involved.For example, at our company, we charge a 10% monthly management fee, a $250 lease renewal fee (unless it’s a takeover tenant, which requires additional effort to establish a strong relationship - because usually people are changing pm companies for a reason), and the first month’s rent as a leasing fee.

I follow the letter of the law( no matter how much I may not like it) that's part of my risk management and my reputation.

When I worked with a property management company, we had someone buy a unit (single family) that had a STR and marketed it as a STR.