As a former operator that transitioned to lending I believe that the biggest challenge for newer or newbie investors is making the numbers make sense.

3) Internal vs External (In-house service teams vs Outsourcing: AM, PM, IR, Back office, Operations)4) Does the Sponsor prefer a single market?

In the D/F I have pretty much just heard horror stories of the properties going negative except for a select few operators who often have their own management company and really know how to operate profitably. 

This doesn't mean I don't take on riskier opportunities necessarily, I just find comfort in having a compounding engine as a bulk of my portfolio so that I am always operating positive.I am completely new to real estate investing and would love to find like-minded people to connect with.

As an unlicensed builder your GL will not cover completed operations.

The book introduces the Entrepreneurial Operating System (EOS), a framework designed to help businesses clarify, simplify, and achieve their vision.We use it for vision alignment, goal setting, & accountability.

A Business License is required to operate a short-term rental"That (from the SLC planning site) pretty much says it all.

I basically group the business into 2 segments, administrative tasks (pricing, marketing, guest communications) and field tasks (cleaning/maintenance).Part of being a successful operator of anything, you have to know your strengths and weaknesses. 

I run a wholesaling operation here in Florida, but I got started flipping properties, so don't think wholesaling is an entry to real estate investing because it's not.Feel free to reach out with any questions. 

As painful as this lesson was, it made me make major operational changes.