Build a strong team with experienced lenders, real estate agents, and property managers, and educate yourself through books and podcasts.

Also, tenant management was a very delicate process while changing from LTR to MTR/STR

Learn how to manage better.

Do you think purchasing a property in Philadelphia, PA, and managing it remotely from Westchester, NY (Roughly 2-2.5 hours away) with the help of a local handyman would be too much of a stretch?

Do managers that advertise 8% only do 8% when there's a bundle of doors to manage?

The biggest form of energy production in Tennessee today, nuclear power, simply wouldn't exist without many, many trillions in tax dollars to develop, not to mention the government stepping up to insure and protect the plants, manage and protect the waste for half an eternity, and clean up the trillion dollar mess in case of another disaster.

Quote from @Josh Otero: Hi BP community, I know you've got some crazy tenant stories and I want to hear it.I'll go first:1) I was managing a 5 story apartment building and a dog fell off the 4th floor balcony because of the owner not paying attention.

My guess is there are some STR owners or managers genuinely unaware their current pricing exceeds the price gouging thresholds until it is brought to their attention.]Will PriceLabs and other dynamic pricing tools- respond quickly and appropriately to these issues?

Now we are considering creating a Holding LLC that will be managed and owned by both of us.

.: @Srikanth Kumarjust curious how you plan to manage a BRRRR from out of state.