@Itay HeledFirst Airbnb is a company.

@Frank Alfano agency debt is very competitive (75-80 ltv, non-recourse, fixed-rate etc); you can syndicate and raise the equity portion needed from friends and family, provided you can market and lead the project.

Or is it better to work with somebody in that particular market? 

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!

Just minutes away is not a good determination of rents.

This is extremely helpful.

Alright, now that the house is locked up and the paperwork is out of the way, it’s time to get messy.

That is exactly how my wife and I got our start in Real Estate.

Only the PMC is continuously connected with you until you sell the property.

If not, I’d encourage you to make a few calls—you’ll not only learn about the programs firsthand, but you’ll also build relationships with lenders who could be valuable for future deals.As Dale Carnegie said, "Knowledge isn’t power until it is applied."