Insurance on a 1mm property will also go up a lot more than a 100k property. 

local REIA groups are filled with investors looking to buy properties.

STR Property management is common and I know a lot of folks doing this.  

@Jose Mejia I assume this property was purchased under an LLC.

We don't want to bring on every owner or every property unless they fit within our target market, so, I do the far majority of the sales - this is our check and balance.

Went and viewed about 10 properties, made an offer on one without a buyer's agent, so that the selling agent would double end the deal and they accepted a below ask offer at a time when prices were climbing.How did you finance this deal?

The budget was so small on the first few properties I BRRRR you'd think I was joking.

@Maryann Nichols You will not find any properties on BP to flip.

This also added AC to the property which it didn’t have before. 

3) How well prepped was your property?