Some key pointers so that your operations go smoothly:Underwriting: Don’t shy away from the process of analyzing hundreds of deals before finding one that fits your criteria.

The most important start is a good team or good turn key operator.  

From my experience oakhusr is more reachable in winter months than other placesI have been in operation for a little over two years my first slow season was awful, I can’t really give you an accurate number but somewhere around 25-30%.

I have little confidence in what a homeowners policy /w STR rider will cover, because no other insurer I've talked to is okay with this for an (essentially) full-time STR operation. 

I am not sure what kind of appreciation a boutique hotel can create, as hotels are very much operating businesses and the real estate itself holds minimal value outside of the business operations. 

Section 721 of the Internal Revenue code allows an investor to exchange property held for investment or business purposes for shares in a Real Estate Investment Trust (REIT) or an Operating Partnership without triggering a taxable event.Many investors are aware of a 1031 Exchange where an investor must find a replacement property to defer capital gains taxes on the property that was sold.

If you’re looking to invest long distance, I definitely recommend building your core-4 team.

No course on wholesaling is worth it because wholesaling is not worth it if you aren't an experienced operator.

Large up front deposits are usually a red flag that the contractor doesn’t have operating capital which often  leads to project slow downs.  

I moved my properties over to Roost in March (who also operates in Dayton) and have been very happy with them.