Realtor – Someone that understands what an investor is looking for, knows the investing landscape, areas to invest, and is willing/able to show lots of houses before the right purchase is made.3.

A good way to get an understanding of how to get into STR is :STRATEGY: Start Up Guide to Short Term Rental Investing 

Second, in terms of asset protection, LLCs are not invincible, but I think what many don’t understand is that they are not designed to completely shield your assets from liabilities, on the contrary they are designed to contain and isolate liabilities. 

I MAYBE could understand if they just hadn't gotten around to having automated credit card tracking like every other accounting software on the planet, but to not even have the option to track them manually is ludicrous.  

No PM is not collecting rent, as per PM they are charging me the regular monthly fees because they are following up with the lawsuit with the tenant.Thank you for your input.H

Understand Auction Rules:Auctions typically require fast closings, often within 7-14 days, so confirm your financing aligns with this timeline.

It may be helpful to analyze each deal as a flip and a BRRRR so you understand why sometimes it works as one but not the other.There will be some people that say it’s not all about the numbers though, and I would agree.

Quote from @Sami Gren: I don't quite understand the question.

Given this was our first time purchasing an investment property, working with a partner on a cash deal, and understanding how to get FSBO deal completed, we had to learn a ton and ran into multiple challenges.

If you must retain some cash, consult a tax advisor to understand the liability and optimize reporting.