About 1/3 are still not providing distributions but their cash position is strong and I'm not concerned about them potentially selling at a loss. 

In this completive market, it seems as though off-market deals is the only place to really find a "comfortable" position to be in (although completely aware that we are all in a risk filled area of investing). 

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

For the experienced cohosts in the group, I’d love to get your thoughts on payment processing options for cohosting companies (LLCs) that position themselves as property management companies but operate without a broker’s license.As an investor and soon-to-be STR entrepreneur, my business will initially focus on managing a small portfolio of vacation rentals with plans to scale. 

It sounds like you're in a great position and just need a little more time to qualify for conventional financing.

I'm primarily focused on scaling, so I make sure I have some reserves for the rocky times and work to make sure my portfolio is cash flow positive. 

We still find deals here that meet the 1% rule, positive cash flowing, and have tons of potential for appreciation.

An entity that operates hundreds or thousands of apartment units has far less concentration risk than an owner of a few rental homes, whose tenants may all be impacted by COVID-19.Do you think Portland’s ten-year trend of positive economic growth for landlords will continue, or will it flatten out, possibly even declining in the wake of COVID-19?

If you can find a lender willing to give you a 2nd mortgage it would be at a HIGHER rate because its in 2nd lien position and therefore more risky.

I may have more strict requirements for my operations today but just means I need to look around more for a market that fits my current position.