Do not operate your business negligently and certainly not with gross negligence.

I now operate the Airbnb on behalf of the new owners!

It’s a good idea to get specific about how they plan to address maintenance or operational issues independently, so you’re not getting those 8-10 calls a month.Marketing Strategy: How do they keep your listing competitive on platforms like Airbnb, VRBO, and others?

On top of that you have operational inefficiencies that local investors simply don't have.Some of the absentee (OOS) slumlords are giving all of us property owners a bad rep here in Milwaukee.

Absolutely I understand, depends who you are dealing with when getting a loanWe usually operate in middlesex and Essex county, we have been looking at properties in south jersey as well by oaklyn and collingswood area.

@Leo Gregoire - Sam Ahsan manages a STR company that operates around Massachusetts.

And operational inefficiencies.

The credit bureaus (TransUnion, Experian, and Equifax) sell the fact that there has been a mortgage related credit pull to bottom feeder boiler house type lending operations.

I'm also learning quite a bit from the Pace Morby community as they are very tactical, less theoretical, and operationally-focused. 

Cap Rate: Net operating income divided by the property price.