The reality is real estate isn’t just about appreciation and cash flow—it’s also about survival when things go south.Many new investors operate on razor-thin margins, believing that rental income will always cover their expenses.

I'm especially interested in hearing about how you've made a PMS geared more toward STRs work with MTR billing and leasing.I do remote operations support for an MTR/LTR company in Denver and am assisting with our tech stack build out. 

The first 6 months are acquisitions, removing non paying tenants, and taking over operations/management which is just the beginning of the stabilization process.

It specifically says it is not for real estate investment, but I believe you would be buying an operating business vs just real estate.This is so helpful Michael, thanks so much!  

It was difficult to find reliable cleaners and handymen at first but I have been operating for 2 years now and have found people I like.

Many of our borrowers/clients have one LLC that owns the building and another than own the operating business.

Hello, I am owning/operating STRs in Groveland in Tuolumne County, and would love to connect if there is a group already.

Ive been using the same for many years now and its my foundation for operations, follow-up, workflow management and communications. 

Hard money, private money, joint ventures, even lines of credit secured against existing assets—there’s a ton of capital out there looking for strong operators.

Fannie Mae will allow you to transfer the deed to an LLC if you decide to try to go the conventional route, but the loan would still be in your names and you'll need to pay a title company a second time post-closing to do this  for you. 3) I can't speak for the area so no comment there4) If you're self managing, make sure you find vendors you can trust in the area since you won't be able to easily verify if an HVAC guy, plumber, etc. is trying to rip you off and tell you to buy something you don't actually need. 5) Make sure you have clear alignment of goals and a clear operating agreement that spells out what to do if those goals start to not align in the future since you'll be jointly obligated to these properties.