Whether it's text or email, having everything in writing not only keeps a clear record but also maintains the professionalism of your interactions.Brace for Vacancy: While no one wants to go down the eviction route, it's important to be financially and mentally prepared for this possibility.

This threshold will vary by investor and circumstances, but it’s a threshold everyone should define and prepare for.

Honestly, school does not prepare you for work/investing nearly as much as the extracurriculars you can attend at college.

I have 200k in liquid cash (yes this was self earned thru 5yrs of sacrifices and hard work 12-16hr days 7days a week with maybe a month in the summers as break to see family back home, but i dont want to do this forever) My dad and I want to be partners going into these deals. there is a new construction 4plex i am looking to build which will be 775k that i will put 25% down (half me half my dad) which will cash flow net 2k /mo if i rent it out LT (COC of 11% which isnt bad and apparently my agent who recently worked on a neighboring new build said the appraisal after its built is mid/high 800s, also my plan is after 2yrs to REFI at lower rate). i am considering to have 2 of the units as MTR for local nurses or construction crews which of course can increase profits much more.i also have a 3acre property that i am thinking to build small 2bd 1ba cabins and use as STR/MTR/LTR. but i am also wanting to do do STR as i love the concept and have watched Robuilt everyday learning from him. i am looking to buy land in a mountain/ski town (189k 10acres) and build a beautiful aframe and use as a STR. all these property ideas are close by to me so i will have a close look on them and will manage myself. i have just been consuming knowledge endlessly the last 3months in preparation for this decision.but as you can see my head is all over and im unsure what the correct first step will be. i have many goals and visions of what i want to do i just need some help making a correct first decision on those who are far more experienced than me in this real estate space so i use my capital in the most efficient way. i understand real estate is long game and i have no issues with that but i would like to at a minimum cashflow 100k a month by the time im 30. this is a big goal but i have 8yrs to do this. thank you for your help i look forward to the responses(side note: i am not considering house hacking as i live with my family, this will possibly be an option in the future)

From most OOS investors I am speaking to this is where most of the attention is, so be prepared for competition - seems that this forum was revived from the dead but to answer the original question with a few practices you can manage the air-bnb yourself to get higher occupancy, I would recommend educating yourself on tricks for the platform those will make the biggest difference - definitely helps having someone take care of your air-bnb account and for completely hands off investing do that but just previewing/welcoming who comes in can be done remotely in a professional manner I have seen it done in multiple states. 

They can also help you prepare to get into the best situation possible if there are weak points in your profile.

Congrats on preparing and asking the right questions!!

I've read the opinion letters prepared for my clients and I trust the opinion of a tax attorney over that of a 1031 intermediary pathetically trying to protect his business by bashing the competition.

There's nothing special about the license; it's all in the trial preparation and strategy..."

Renovations and dispositions before the financial world fell apart…As my partner and I both realized we didn’t have a lot of interest in running the operations of our real estate investment company, we began the process of preparing to sell what we acquired.