Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Also, any referrals to realtors who specialize in this sort of strategy would be appreciated.

At worst, fair chance of some quality mentors. 

@Diana Teng there are a LOT of potential pitfalls:(So, it's vitaly important to not just find someone that you think you can trust because they tell you what you want to hear, but you find someone that their processes seem a good fit for what you want.EXAMPLE: we do BRRR Turnkeys for clients and take numerous vides we share with them - initial, worst state of any demo, when HVAC, plumbing, electrical update BEFORE walled in, before any major payouts and of course a final walk-thru video.One thing that's accurate from all the HGTV renovation/flip shows is that you should expect and plan for surprises!

Louis, even buying a property for $2k might be overpaying for it ;-) These properties always need some sort of extensive/gut rehab, so they are not for the faint of heart (or stomach)!

They are the worst company to deal with ever.I then asked a few other real estate attorneys and their response was the same.The negative reviews shared are exactly what happened to me.In addition i have personally had over 100 loans in my lifetime.

There has never been any sort of lease signed nor has she ever paid anything more than a few electric bills which are next to nothing since he has solar. 

Groovy @Stephanie Medina good luck and keep us posted on your progress.These sorts of things are problems that no one really things about when buying a property and it is something that should be in their mind.

One of the worst mistakes you can make is hire an agent to do PM.

The worst part is somehow these big names companies are above the regulation (Well, I guess the regulation was there at the beginning because these companies lobbied the hack out the government) and they can run STR where other hosts can't run.