Rates have not been very favorable through him lately, as you can imagine.

Unless you are finding off-market opportunities direct to seller, I can't imagine the deals working on BRRRR.

I would imagine Long Beach is complicated to get into the STR game but I don't personally invest there so not sure.

I’m definitely going to do something because I can’t imagine doing nothing.

Also, if you're familiar with Chicago, it's your standard 6-unit building, so imagine the sidewalk surrounding it. 

I think every market and every person have their own reasons, but here are some thoughts from a property manager.Pros for self managing / cons of PM- Keep all the revenue- You have 100% control- You own listing, photos, etc- Nobody will ever care about your investment as much as you do.Cons for self managing/ Pros for property management- This is a 24h / 7days a week business and I imagine you have at least somewhat of a life I imagine. 

Being proactive ensures you’re always a step ahead, minimizing risks and keeping your business running smoothly.Example: Imagine you implement an outdated tenant screening policy that inadvertently violates a new anti-discrimination law.

Can't imagine being in business with characters like this. 

I don't allow any infomercial-style sales pitches at our meetings (ok, it might not be that bad but I just imagine some events being like an informercial!)  

Nowadays we can't even imagine "no closets!"