One key he found was mixing a welcoming atmosphere with firm guidelines.. it typically falls under standard tenant landlord laws for eviction.. so you’ll want to double-check local regulations.You mentioned Furnished Finders and Padslipt.com.. from what I’ve heard, those can be great if you’re targeting traveling professionals or short term visitors.

Stick to areas you know well; this familiarity can greatly reduce risk and boost your confidence when making purchasing decisions. 2.

• Crowd-sourced projects (think Crowdstreet, Fundrise, Roofstock)• Moving into investment for 2 years and sell (seems extreme and low level of confidence in strong desired results.) • BBD - Bulk everything together into one large investment, cash-out refinance, rinse/repeat (seems like ongoing work like we have today.)• NNN - purchase triple net lease opportunity (1031 everything into it, managed under trust, tenant takes care of everything) • Sell each off the normal way (even spreading out one a year, heavy tax implications and truly diminishes decades of work.) • Give/donate each away-----I expect many here have already been through similar dilemmas and interested in experiences, lessons learned.

i don't know how you BRRRR out of state unless you're planning on traveling there frequently to oversee it. 

Options like a unique amortization schedule or a 3/2/1 or 2/1 stepdown interest rate could provide initial relief to get you through the renovation phase while giving the seller confidence in a structured payoff plan.To determine an entry point, consider reducing the price based on the current NOI.

But who has the confidence to go really big on their first deal?

Common deductible expenses include mortgage interest, property management fees, repairs, and even travel expenses related to property management.

A few people travel from Daytona just to come to the meetings. 

I have little confidence in turnkey providers, deals are already hard to come by, if they take another 20% cut before.. much better to buy a property from an owner that is in good condition.

Once you have some leads coming in, you'll start to see patterns in what kind of traveler is looking for your place(s).