Quote from @Michael Baum: If you don't want to deal with guests in what is a customer service oriented business, then that means it is time to get out.Absolutely incredible how many people seem to get blindsided by this when going into STR's. 

They can provide valuable guidance to ensure everything is set up correctly.If you prefer a DIY approach, services like Zenbusiness or Tailor Brands can help, but they won't offer the same personalized advice.Good luck, and feel free to ask more questions! 

But PM software is an incredibly crowded space.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

LTRs are a great way to approach real estate, and it sounds like you are doing very well in that space.

Has anyone here tried different approaches?

I’ve had other clients who preferred this approach..one even found a gem in Glenview at a time when the suburb wasn’t as well-known, and today his property’s value has grown by 15% in the past three years alone.With the anticipated drop in mortgage rates in 2024, the suburbs might be a solid pick for someone new to the market, especially if you’re looking to build equity without dealing with the volatility of city investments.So, for a first-timer, think about your goals: high appreciation and some hands-on work?

Some are incredibly simple and require little to no repairs. 

It’s inspiring to see how you’ve been so intentional about preparing for this next chapter—your commitment to learning and gaining hands-on experience will serve you incredibly well in fix-and-flip projects.

The numbers were incredible How did you find this deal and how did you negotiate it?