Sellers are notorious for not communicating any changes in their unit counts to avoid paying taxes.  

Or all steel or aluminum?

Transparency, regular communication, and clear milestones have been critical to making this successful.For those of you who are considering working with private lenders or want to improve your deal structure, I hope this gives you some food for thought.

So I would suggest keeping your STR property geographically close and doing as much as possible to keep your profit% high as possible.As far as the actual house you use, I would just say - be honest, be fair and strive for the best area, most amenities, cleanest house, best communication, and any other extras you can get.

There were a few hiccups which were resolved quickly and communication has been good overall. 

I now also offer limited service where I do the guest communications, marketing, and pricing. 

Have never received a distribution and It’s extremely difficult to get communication and financials. 

We are hoping to streamline tenant communications, maintenance requests, and payment records. 

lol it was a lot of communication and laying out upfront what we wanted/needed from the deal and then making sure it was all written out in the paperwork.

Communicating timelines and expectations upfront can help prevent losing good prospects to other properties.I'd say it's a potential red flag if they want to sign the lease without viewing it.