Having a person answer the phone costs the PM company substantially more than operating a support button with a delayed response.

Estimating is both art & science and FWIW most professional estimators rarely get it spot on, usually operating within a Delta.There's tons of estimating books, software etc.

Quote from @Ray Joseph: If you attend a local meetup, I'm sure you'll find investors that operate in other cities or states.And you have thousands of out-of-state investors to mingle with right here!

There are three stages to real estate development (1) pre-development; (2) development/stabilization (3) continued operations.

What, if any, are the ramifications if the operators did no due diligence to make sure investors needed to be accredited? 

I'm especially interested in hearing about how you've made a PMS geared more toward STRs work with MTR billing and leasing.I do remote operations support for an MTR/LTR company in Denver and am assisting with our tech stack build out. 

The reality is real estate isn’t just about appreciation and cash flow—it’s also about survival when things go south.Many new investors operate on razor-thin margins, believing that rental income will always cover their expenses.

The first 6 months are acquisitions, removing non paying tenants, and taking over operations/management which is just the beginning of the stabilization process.

It was difficult to find reliable cleaners and handymen at first but I have been operating for 2 years now and have found people I like.

Many of our borrowers/clients have one LLC that owns the building and another than own the operating business.