Quote from @Michael Elliott: Have been analyzing data in STR Insights following a great week at the STR Wealth Conference in Nashville. 

The SMARTEST thing I did...was follow a "who" not a brand or company or model or some "thing". 

I finally understand that credit card payments are exempt from needing to send 1099's.

My questions is, if this is a scam why the fake updates and follow up calls????

Sorry to jump on the back of this original post but I have a follow-up question to this response.

How can a person/company do the following in 5 hours.Drive to the property.Inspect the property.Create scope of work.Send scope of work to owner for approval.Get approval for scope of work.Drive to store / supply house #1 for materials.Shop for and purchase materials at sore / supply house #1. 

As long as I understand the risk and mitigated the risk with sound exit strategies, I can let people live in my properties and I haven't had any losses yet.

Best Sellers to TargetThis will make deals more difficult to come by however, since many sellers may opt to wait until interest rates decrease and cap rates follow suit in the coming years to get a higher price on their properties if they are not being forced to sell at this time.

A follow up question I now have would be do you think its smarter to completely pay off the first property before buying a new property or to keep going out and buying new properties once i have enough saved up for the down payment along with extra fees?

You will have to source these properties from a wholesaler, where you will have to put down hard non refundable assignment money at the assignment of the contract, or source them yourself.The steps to follow for a subject 2 property are as follows:1.