Seems wise to leverage a smooth program that has been operating and refined over the years. 

King county is not a cheap place to operate.

If you’re feeling overwhelmed, consider consulting a local property manager who can help you plan for the deferred maintenance and set up rental operations smoothly.

@Joey Samudio I would definitely recommend visiting the market you're wanting to operate in and more importantly meet the team you'll be working with.

It works like this:(1) Save up enough money for a down payment(2) Buy a single family home that you will Airbnb/VRBO(3) Ensure the “average period of customer use” is <=7 days(4) Materially participate (5) Cost segregate the property, resulting in large depreciation deductions(6) Use the losses from step 5 to offset your W2 incomeWhat makes this possible is that operating an STR is considered “non-passive.”

They have training live webinars 2 in the afternoon that they want you to be on, they have training every weekday evening.

Since you're not pursuing a real estate license, consider wholesaling to gain deal experience or help manage local properties to learn the day-to-day operations.

Other operators prefer MTR.

Although its mainland presence is dwindling, the chain will continue to operate in the U.S.

Can anyone point me to a step-by-step guide for end buyers working with wholesalers? There are a few things I'm specifically interested --- Do wholesalers actually enter into a PSA? Or is it a trimmed down agreement (...