I like the concept of BRRR and the way that can help scale faster.I have been prepping and learning on the real state side of thinks for 9 months, Books, seminars, workshops you name it!

The negative results are always predictable as is the lack of accountability.

@Jeremi Ramos do an addendum to your PMA that has all the Portfolios and Buildings on it.Be sure to include language though, that allows you to auto-transfer funds between the Portfolios/LLCs to cover your management expenses.Otherwise an owner could screw you on fees by letting portfolios go negative on their balances.

They both increase supply and demand (buyers) which would negate any real change from either of those. 

I have an STR in Glendale and cash flow because of that, but if it was an LTR I'd have a little bit of negative cash flow so I'd recommend holding onto it especially with all of the new development in Glendale. 

For most people a house is the biggest investment and emotional purchase of their lives.The best brokers are experts in a particular micro-market and that knowledge is valuable.One issue with lawyers is they are more skilled in protecting clients from negative consequences than with making deals happen, so their skill set is aligned but not the same.

Just remember: most negative reviews are written by problematic tenants.

This is not nay saying, urinating on or being negative, this is seasoned STR investors not wanting others to fail. 

The negative 1K per month includes the property management fee.

Just remember: most negative reviews are written by problematic tenants.