My story, with 1/1000th his wealth (or less.) builds on Jay’s idea of zero debt (I only have a dozen homes worth mid to high 7 figures, but I owe zero.), along with his idea of where you come from and your life experience determines what you need to feel like you couldn’t spend all your money without wasting it.

It's like anything new, you just have to start and figure it out as you go. 

Expect rates to be higher with CLTV capped at 70%. 

 :)  I figured that.

At this point, we are all unsure who is even going to provide the K1s for 2024 but I'm sure that'll be figured out soon.I will say that it seems that David Zook is really trying to figure this out for us, and himself, but I don't see how we get our money back at this point unless Heller provides the $120M+ that the court has ordered him to. 

Here are some practical tips and insights based on my experience managing a real estate fund and working in this field.First, setting realistic expectations.

It's not your responsibility to figure out what's best for your tenants.

In the long term  expect RE to appreciate at a rate equal or greater than CPI.  

Trying to figure if the partner is the STR owner or another management company that facilitates things through you. 

But I have officially hit 6 figures in revenue and honestly if I wanted to I could just stick to having these 3 and live pretty okay off of 3 airbnbs I am arbitrating.