Never fully trust anyone that isn't willing to share the negative aspects of all this.As I'm sure you've experienced, this can be a very rewarding path to take and depending on your grit and determination, overcoming all the pitfalls are well worth the effort.Cheers and drive safe!

The homes that you used to determine your ARV are a good reference point. 

The unobstructed water views for both front STR units can be challenging to determine additional value compared to other 3-unit properties without views.

I always look at the exit strategy for the property to determine which kind of Creative Finance I would use.

The scope of work, quality needed, location etc will determine the cost.

Find one that can be custom to your needs, has flexible pricing, no long-term, high-cost memberships, and excellent customer services to determine how to best market to your leads.If you would like a referral code or more information please let me know :)

A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.

The investment city determines rent growth rate, appreciation, and income longevity.What determines rent growth?

Appfolio is more expensive but after saving money for these past 5 months I have determined RentRedi could be free and I would pass.  

Include a buyout clause allowing you to transition to sole ownership after two years, based on a pre-determined valuation formula or market value.Use an LLC to hold the property for liability protection and pass-through taxation, ensuring both partners benefit from depreciation to offset rental income.