It is imperative that you protect yourself (and your guests) by using the legal language and requirements of the state you're operating in.

I've only briefly used BNBCalc, but I've heard long-term STR operators that have underwritten thousands of properties, say they would only use BNBCalc along with Airdna.

It all comes down to the quality of the operator.

You have a requirement for standard normal operation.

However, some costs like repairs, maintenance, and certain other operating expenses incurred while the property is being rented out can be deducted in the year they are incurred.

Yes, it's not far and yes Milwaukee is a little better market to invest, but overall the cost and in-efficlencies of operating remote are not worth the effort.

This is a ground-up development coordinated by CC&F (https://ccfne.com/), an operator that has been in business for 120 years and has built over 100 million sq ft of commercial real estate.

What kind of due diligence did you do on the operator before you handed over your money?

Hi Chris,I am an operator and also have 50+ Real Estate clients with my advertising agency, many on whom are using Left Main.

@Brian Hudson,I run a turnkey single-family operation in Chattanooga so I’d be happy to chime in.As I’m sure you know, the extent to which a property cash flows (or not) is going to be determined by how levered your capital structure is.