The key evaluation data points for STR investors are accurate records of rental income and occupancy and/or projections from local mangers and online tools.

If it’s illegal activity that’s one thing, but if the sponsor has a recent poor track record - who is to confirm that or verify it without having it third party independently audited - same goes for those good sponsors.

"for rent by owner", investors)-search for non-homestead properties in your county and send postcards to those owners that own homes that meet the criteria you want to focus on-network with real estate attorneys -network with trustees in banks that offer trustee services-look up court records of landlords who have filed their own evictions and send them postcards -network with HOAs that have non-homestead properties in that association -when you see a "for rent by owner" sign in your area, send the owner a letter -join Facebook groups (for rent by owner, landlords) and being to contribute -improve your SEO on your website-find someone who can help you gather landlord info from Zillow, etc.

.- Document everything: Keep detailed records of expenses, work completed, and agreements.- Consider liability protection: Look into forming an LLC or other business entity.Starting with cash is a smart move to minimize risk and learn the process.

As stuff comes in, I record it and put it where it belongs.

Thank you,Wade keep costs low, we are a construction management new build general contract for 1-3 family and large commercial apartment buildings and you can keep the fee from a GC lower and who has more experience. don't take hiring into account. review who pulled building records. a 4 plex in central TN should be similar pricing to us your build cost wouldn't exceed a build fee of 100k. 

You can put your funds in a interest bearing account/money market/savings, you just need to account for the dividend incomes when recording the books.

I'd LOVE to find a really high quality SEO firm w/ a track record of long-term success that is less than $1k/mo... but after 10 years I just haven't found one yet.

Many also promote their unit count to  raise capital from inexperienced real estate investors who don't know any better and equate unit count to success and track record.

Everything going in and out will all be recorded on your bank statements.