The potential downside is that if say, you have a credit card that you’ve had a long time with a high credit limit and low to no balance, it may be having a significant effect on your credit report, boosting your score.

We will see how it performs soon but very excited about how it turned out!

Here are the four things I order  1- BPO (150.00)2- home inspection (350.00)3- pre-lim (225.00 maybe free)4- appraisal. (500.00) That 1225 tells me everything I need to know and I’ll kick the deal at each stage if the numbers don’t perform. 

A good PM should be on top of this and not simply ride out the market shifts.Technology & Reporting: What tools do they use to monitor guest interactions, maintenance, and property performance?

Additionally, before the GP stopped providing updates, they did imply that they were foregoing distributing available cash flow in favor of reinvesting into the property to make further updates that they felt would boost the average nightly rate they could get.The LP investment granted us shares in an LLC, which in turn owns the property. 

Sharing access through co-hosting is a common approach that allows the PM to perform their duties while you maintain control over the listing and its reviews.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

We’ll consider additional upgrades, like a jacuzzi, once we see how well the property performs.

Biggest clauses are: who's responsible for what, what are the penalties if someone doesn't perform their duties (including forcing them out) and what happens if one party wants out and the others don't.BTW: your brother should do this with his new girlfriend BEFORE paying part of her mortgage!

Also, with the shift toward focusing on cash flow, are there any specific markets or types of properties you’re seeing that perform well, despite the challenges?