The due diligence when compared to a single family or small multifamily is much more involved.

Taking action today that involves a significant hit to your credit score could increase your auto / homeowner's insurance premiums and increase the interest rates for new  loans for an auto or property, etc.In fact, some opportunities may close to your altogether.

Installing effective software for simplified documentation is critical for organizing and managing the massive amount of data involved in the due diligence process.Physical property inspections and unit walkthroughs are equally crucial as financial due diligence.

And since the deals I’m involved in are $1million - $5 million, that “extra” income from broker commission has been as much as $150,000 + !.  

Also, even though that wasn't the main purpose of the company, since we were in the construction field we were able to tackle various renovation/construction projects that involved more that just glass.

And STR is much more involved with high turnover rates so you’ll not only need to post the listing but know how to keep it competitive so that you maximize bookings, of course, furnishing it, keeping supplies, restocked, cleaning, maintenance, And what about consideration to any local STR rules and regulations?  

There's also delayed financing if you buy the property in cash without any financing/liens involved in the purchase. 

The return for this type of investor will vary depending on the risk involved.

Cons and what did you wish someone had told you before you got involved in one?

Record profit's for all involved.