Building a team and having a plan to close a deal before you have the deal will help the deal go much more smoothly.

I see many investors buying up cheap properties in D neighborhoods expecting to be smooth sailing.

So, my question is: What are professional STR managers are doing to keep operational, maintenance, and cleaning issues to a minimum and everything running smoothly? 

And yet attempts to loosen regulations for residential neighborhoods — scaling back parking requirements, bringing homes closer to sidewalks, and allowing multi-units on R-1 lots— have gone about as smoothly as rush-hour on the 405.

Investment Info:

Single-family residence buy & hold investment in Atlanta.

Purchase price: $78,000

Cash invested: $25,000

Pre-foreclosure property.

@Michael MetzHere’s hoping for a smooth transition!  

I’d recommend getting your feet wet with a couple to make sure everything goes smoothly then you can buy faster once you’ve developed systems.

It was smooth and I was happy with it.

At 75% loan to value (LTV) on the cash-out refinance loan, the new loan was $100,500 ($134K * 75%).After paying off the existing loan of $61,131.37 (slightly lower than the original loan amount from paying down the mortgage before refinancing), and after closing costs of $3,739.57, I received back $35,629.06.Given the purchase price + closing + inspection + rehab = $25,547, after the refinance, I had an additional $10,082.06 ($35,629 - $25,547) in cash to buy the next property.SaleOn 5/27/2021 I closed on the sale of this property.It was not a smooth process.

Follow it, and everything runs smoothly.