Hey Robert, It sounds like you already have a solid foundation and could jump in as soon as you're comfortable.

I've never done one of these, but I would reach out to someone like Jeff Watson for assistance getting solid paperwork in place.

Lastly, do some initial research on local STR rules and costs to prepare for discussions with your team.Building a solid team, including an agent and co-host, will set you up for success.

Starting with the fundamentals like property evaluation and cash flow management is a solid foundation.

But 3) Try multifamily specific brokers, crexi and loopnet, although 2-4 units maybe scarce. 4) A home equity line of credit is a good source of funds however it will generally make your overall monthly payments higher, so unless a deal is very solidly cashflowing, a HELOC may put you into negative cashflow. 7) Typically electric/gas are paid by the tenant - however this isn't true across the board. 

Research markets using key data points and build a solid team.

Completely agree, they have a solid reputation as a company that pays on time and as promised.

It was rough at first, but they have turned it into a really solid product.

My team on the ground there handles everything from sourcing deals to renovation, and we've worked with hundreds of investors each year to make these properties cash flow.We’ve built up some solid relationships in Detroit—whether it’s general contractors, agents, or property managers who understand the ins and outs of Section 8.

While the renovations look solid, this price jump seems steep.