I've been in the construction industry since i was a teenager and thats a long time ago.

I regularly attend workshops and seminars to stay updated on industry trends and best practices.

But it also comes with more risk in terms of evictions and damages - which you can never collect for.But STRs don't have any issues with evictions and damages are typically covered by the STR insurance or sometimes the Property Management company has its own insurance too.The other thing is that, on average, STRs tend to generate more income than LTRs. 

Real estate investing is forgiving; the average person can still make money even with some big mistakes.

I did a ton of research and talked to dozens of people in the insurance industry before reaching a decision.

Purchase price: $150,000 Cash invested: $150,000 Sale price: $187,500 Flipped approximately 550 homes over this time period with an average spread of approximately 25% What made you interested in investing in this type of deal?

I'm just an investor in SFR/small MF and the vineyard/wine industry near there.

An average property manager will cost you more than their fee but you should be able to make money with them.

Additionally, before the GP stopped providing updates, they did imply that they were foregoing distributing available cash flow in favor of reinvesting into the property to make further updates that they felt would boost the average nightly rate they could get.The LP investment granted us shares in an LLC, which in turn owns the property. 

You can also request the average property tax increases over the last 5 years to get an idea, but that’s not always a strong indication of future increases.