You always talk about strategies, and they are all smart... but Ive never heard you give an example of your deal.

You have to be smart, do your research, work your arse off, and be careful.....

Building a trusted reputation in Texas for finding great deals, both on and off-market, is smart. 

Smart people - if I own 24 buildable lots appraised ~$1.6-1.8 million in total (assessed by town at $1.4M), what do you think is the best way to build out the homes (notionally $300-400K builds/$450-550K sells) and make money: a) putting the least money out of pocket into project, and b) NOT signing on construction loan(s) if possible? 

As and out of state investor it is always smart to build a local team you can trust.

I think it is very smart what you are planning and I believe more people should be thinking like you.

Smart to go meet the team as well.

I think for the average 1 rental owner, it's simply too much fuss, and the opportunity cost of that time and energy is either relaxing, or doing other things to maximize bookings like interior design.I think the industry in general suffers from bombarding new hosts with 10,000 things to do in month 1 (OTA, direct booking sites, linking calendars, specific smart locks, etc.) when in reality most owners should probably list on the most relevant platform for their area in year 1, develop a rhythm and learn a few basics, and then start looking into improvements from there.Certainly with multiple properties it starts to become a more compelling argument.  

This is why, more and more foreigners keep visiting and buying real estate in spite of this statistics.Now, should we bury our head in the sand and see life with rose-tinted glasses?

I passed both exams first time and I'm not what you would consider "book smart".