One of the biggest lessons I've learned as an STR cohost, marketer & investor-friendly Realtor is the importance of thorough market research and setting up your listing based on data.

The promissory note and personal guaranty are private documents that don't get recorded.

It's one of the biggest fallacies in everyone pitching it like that.

What’s the biggest challenge you've faced in automating your short-term rental?

Some opt for private lending to avoid this tax and still have investments secured by RE.   

For me biggest challenge I always have is getting returns done and k-1s issues

California is NOT one of those states that exempts this type of lending.. there might be a small carve out for a few loans a year privately done but if you hold yourself out as a lender your need a license.

The biggest challenge for being a great realtor is always generating leads and staying organized.

I haven't been expanding my business with LMHA since the end of 2016 per my posts above so I don't know exactly what changed, but I expect the outsourcing of inspections to private industry + some executive level leadership + replacement of staff with new faces excited to serve the needs of HUD/Landlords/Those In Need has resulted in an agency I will develop more business with.The HCVP will always be a double edged sword for landlords (See Section 8 Bible discussion) but for now I have discovered it is finally worth the effort to participate in the program.I specialize in Toledo's transition neighborhoods, discounted houses on the edge of nicer areas but also on the edge of trash...the Section 8 program allows me to get long-term tenants who are a good business model provided they are consistently managed and visited/inspected for additional "visitors" (relatives and random dogs/cats) and damage/housekeeping which can destroy a home if left unchecked.You need to know the rules, repair and renovate for long-term durability, prepare for inspections thoroughly and keep a team of contractors who will hold those standards...after 8 years we have been through a hundred inspections.

@Kevin Omoaka,HiI sent you a private message for the discount code.