I can't emphasize enough, don't start with a foreclosure auction property.

Marketing has been emphasized in much of the learning I've done and on may Bigger Pockets Podcasts.  

You're seeing it now. with the TIC I do want to emphasize a very well thought out JV agreement..  

BP should somewhat emphasize that because some non-experienced investors and not familiar with our class market may think all "rules of thumb" should apply.  

What you'll get when crossing the two is anyone's guess.It is not uncommon for the bank to "need" anywhere between 4 months at 2 years to transact, and if there is a wholesaler involved it will create an even fuzzier picture unless you can cut to the source.I would recommend emphasizing that the wholesaler's fee is protected (IF the price you've discussed with them is workable) and that you will do protect that vigorously, BUT request (or require) that the wholesaler connect you with the agent representing the bank.  

I would interview multiple STR management companies so you can get an idea of what they offer, emphasize and their experience so you can hand off your asset in the hands of a reliable, intelligent and effective team.

This is why I emphasize building a buyers list before looking for deals 

I also emphasized that I could close the sale faster than others with conventional financing.

So I made that proposal to them; I emphasized that it's *just* a proposal, if they want to keep renting, that's fine with me.  

As a result, he won’t buy a deal where he’s not 100% certain he’ll be able to refinance & pull-out “100% of the initial equity by the end of the 5th year I own it” (His words verbatim emphasized in BOLD)By being so disciplined, he avoided the speculative purchases which are sinking sponsors all over NYC.