I'm amazed if you can get a tenant moved out, the unit repainted, and another tenant moved in with no rent-free downtime.

Mentors are usually going to be people like Jay who have made their fortune and have more down time, or are retired/retiring, or those who have a knack for it and are charging you to tap their knowledge set.

In learning about the industry and who has survived and thrived through the down times, I came to care a lot about LTV and debt service coverage ratios in addition to quality sub-market analysis.  

What I'm learning to do now is roll with the punches, and use a little bit of down time to actually use the stove I put in.

Thank you, Christian  Ok, I will create a new post when I get back from my trip (or while I'm there if there's down time) :) 

Having said that, it is a down-time for STRs generally I believe.

And, you'll have downtime after one deal closes until the next one start.

Surely there has to be some members on here that own hotels,or work, or are connected to the hotel industry in the place or places you are considering Josh to throw an event.They could give tips on down times, when to book the best rates, etc.Maybe you could throw them a free in to the convention for helping out.I don't have connections in that space or I would try to help.

there have been many post of folks that have paid you the 2500 plus the underwriting fee of 600 to 800 per deal only to have you guys turn them down time and again.. they finally get discouraged and after you have sucked all the cash out of them they slink off into the either... but hey your up front you tell them ..

This provides security and even though there is risk in the longer down time to release, I just budget that in. 2) NNN, Absolute NNN and Gross Rent Structures.