The very basics would be getting your furniture and shopping list together, keyless entry like Schlage (with backup lockbox with physical key very close as well), looking into insurance, local taxes for STRs, and moreAlot of ways to save time and make it easier to self manage with a property management software like Hospitable and data research like AirDNA.

You’ve got to follow the rules closely, and that means working with a qualified intermediary (QI) who’ll hold your funds in escrow while you shop around.

Shop around for debt to see what is available and model the various structures to see how the different terms impact performance.The tradeoffs will be fixed vs. floating rate, conventional vs bridge vs CMBS vs bank vs agency. 

I'd shop around that insurance policy as well.

Sent you DM to a great agent/Broker that can shop for you. 

I have some lined up but will need more so I appreciate all the feedback/concerns as I start to shop it around. 

And I was just like todays bigger shops I had multiple LOC in the millions that we used to lend to others..

Quote from @Matthew Kwan: For those who are currently shopping or looking for a loan since rate cuts has been a hot topic.

Leave credit cards at home in the freezer in a bag filled with water that has frozen over....lolAmazes me how many people fall for these types of programs.When I buy NNN properties either my buyers wanting to own direct and I find the property or whether they are accredited LP investor on my syndication deals they learn with me while they INVEST CAPITAL to own fully themselves or a piece of the deal. 

If there’s anyone that attended one of these MFM seminars and is considering it, let’s connect as I believe we can create a win-win and you can actually be an investor rather than a piggy bank for shops like them.