San Antonio has a vibrant and competitive STR market, which means there’s great potential if done right!

Here are five dangerous provisions to watch for in an Operating Agreement:Dangerous Provisions to Watch:Authority to incur debt without investor approvalPower to make loans to other entities/projectsAbility to cross-collateralize with other propertiesPermission to use investor capital for other venturesCommingling of funds across different projectsWhy These Are Potential Ponzi Indicators:• New investor funds could be used to pay existing investors• Project-to-project lending can mask poor performance• Cross-collateralization puts your investment at risk for others' failures• Commingling enables masking of financial problems• Lack of project segregation enables fraudulent schemesProtective Measures to Look For:Strict single-purpose entity requirementsProject-specific bank accountsDebt limitations and investor approval requirementsProhibited related-party lendingClear fund segregation requirementsProfessional Best Practice:Request bank statements showing separate accounts for each project.

Quote from @Anthony Sigala: I am seeking a loan on a LTR that has a rent to value of 1.3% with the potential of 2%. 30 year amortization or interest only.

It can come from a personal investor who will negotiate terms, or potentially a piece of the equity.

We put our first home on the market for rent $1450.00 and right away, not even a week my realtor found some potential tenants.

Hello folks,When running BGC and other reports on potential tenants and having applicants pay for them, do you run them for all?

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

Creative financing to buy deals is another dangerous approach.

Insurance is higher in the rural areas of SD due to fire danger.

The investors get much more profit out of the property.Recommend having a very open conversation with your FIL, expressing your interest in potentially taking over the property from him.