We're looking to buy once a year or so, since our area of experience is more about outfitting a STR, photographing it, listing and managing it, etc. instead of acquisitions.

What I do is I keep 3-4 commercial banking outfits on back up in case I need to take out this line of credit and jump ship.I basically dump in all excess income flows into that bucket to greatly knock principal down.Since interest is accrued daily after 12:00 AM each day it allows interest to constantly be calculated off a lower principal since there are constant flows going into the account through out the month.

Do not depend on a "one call thats all" outfit.

I will run counter to all the EXP folks on here and say look into some of the 100% commission outfits.

The other outfits seem solid but I'm not  fan of the market fundamentals (Cleveland, etc.).

I build new homes in Charleston SC and yes its an attorney closing state.. but they all buy title insurance from the same outfits.. be it fatco  fidelity  lawyers etc etc.

the cases i have seen in Oregon is the sellers filed complaints at the AG and the AG went after the buyers.. when it was a scheme to defruad.. although i helped out another out fit that did about 30 of these and once their buyers started defaulting they could no longer make payments and the whole thing collapsed. they did get turned into the AG but nothing came of it but they did have several civil suits it was not pretty 

My plumber, who is also one of my mentors, runs a combined HVAC/plumbing outfit and can buy and sell me a dozen times over.

Not so......why pay $30k to outfit a STR when you could pay $5k?

sure beats the likes of Networth or that other wholesale outfit in Texas  my day job is funding bottom feeders so I get the low ball offer concept..