Write out clear SOPs for every process, hire great team members, and hold them accountable.

I don't think it should matter if the deal is seller financed, cash, or hard money; the title search and insurance process should be the same.

If you fully understand the process, the potential for profit can be considerable but if you do not, it can be bad - real bad.

Looking to learn about things like out of state investing, house hacking, scaling portfolios, building a team / process.

Consequently you either sell to the least qualified owner occupant imaginable, likely pay 6% seller assist, get crushed through the home inspection process or come to the conclusion going through that process 4 times is not worth the hassle and find an investor to purchase the homes as a package at a discounted price.

Maintaining that relationship beyond just the lease up process and whenever the tenant has a maintenance issue or lease expiration completely changes the dynamic of the relationship.

It no longer makes sense to buy here.Anyways, we are in the process of liquidating most of our assets here and our plan is to start buying in Indiana.

Quote from @Thu Pham: Hi community, I'm in the process of acquiring my first STR property in Joshua Tree and have met with a co-host that I really liked.

Yes, you should be fine to place a tenant as long as you’ve already submitted your application for the lead certification and are just waiting for it to process.

The property either has to go through the tax sale process, receivership, or some other program (donation, etc.) to have the liens abated.