Liquidity: If this is your first or second property, prioritizing liquidity (by cashing out now) might allow you to seize unexpected opportunities, especially if you’re actively prospecting deals.Since you don’t have a deal lined up yet, you might explore options to minimize the gap, like prequalifying potential deals or using short-term financing strategies to bridge the 4 months.Good luck growing your portfolio!

This outlines things like guest/ overnight guest policy, cleanliness standards, roomie/tenant vs roomie/ landlord responsibilities...

If you put landlording next to exercising, exercising might be more passive as an activity.

Hi Brandon,Personally I think it all depends on what kind of "avatar" you are.If you have high risk tolerance and have time to spend, active strategies like flips and BRRRRs will yield better returns and more opportunities. 

Quote from @Tanner Lewis: Hey Chelsea - I'm pretty active on the lending side in the Smokies since it's mainly rural STRs.

@Isadore Nelson Yes, eviction is possible, but there are too many factors that need to be taken into consideration, active military family members, disabled veterans, building violations, maintenance issues and etc...

Once a year I take out all the credit cards and make a small purchase on each one which I then pay off in full just to make sure they stay activated.

The real trick is making sure you’ve got a handle on who’s active in your target area.

Other distractions include non income-producing activities - aka any distraction pulling you to do something other than speaking with and following up with people.How can I prepare myself?

always valuable to throw yourself in a guest's shoes and turn everything on and make sure it functions well or as intended.