I am currently in operations for a large corporate investment bank, which pays the bills, but I am looking to build wealth using real estate.

I don't operate in the Bay Area but from my experience operating MTRs in different markets large companies use third party placement companies or have large contracts with large housing providers.

This can minimize interactions and potential friction.I operate a LTR and STR in the same building, and honestly its been great and its nice to have a set of eyes on the place 24/7 that can alert me if there's something wrong or an issue.

Operationally nothing changes.  

I suppose it's a lot easier for me to say/do this because I operate 100% electronically, but even if someone only looks at the sheet for a few seconds to answer a question, then I think it's worthwhile to include them.

Request a detailed list of documents and information from the seller, including financials, leases, contracts, capital expenditures, surveys, environmental reports, open permits, and the Certificate of Operations.2.Physical Property Due Diligence.

Annually, Does the higher nightly rate but higher vacancy rate push off the highest operating income? 

It explains why they are usually in the lowest barrier space within the industry (until recently not even a license was required & many still operate illegally).As a Philadelphia resident and active investor in the city I fully endorse investing in Philadelphia but only if you’re receiving sound advice. 

There are lots of people operating illegally and you can find them advertising properties illegally all over the BP Marketplace. 

Think it would be a great place to connect with other management operations and partners to bounce ideas, connect and potentially expand operations, etc.