If you’re not prepared to put in the work, even the best coach in the world won’t be able to help you.

With less experienced or just poor planning operators, it isn't uncommon that they spend years distributing all the cash out to the owners, and then the time comes for a multi million dollar refresh to maintain the hotel brand, and no one wants to cough up the money back into the entity.

That's going out and getting a brand new car with the expectation that you could sell a depreciating asset for more than what you paid for it.

Best of luck on your journey! 

We also have one LTR in Wilmington , NC that we bought brand new and have an excellent tenant in.  

Do what works best in your case.

Is it better to diversify your portfolio in one geography, tenant base, style of property (SFH, Multifamily, Apartment). Or is it better to utilize different strategies? I would love to hear about your strategies of w...

Quote from @Austin Wolff: Hey Kegan, I published on article on BiggerPockets specifically to answer this question for people like you (and selfishly for myself):The 10 Best Markets for Your First House HackNone of the states you mentioned are on this list, however.

HELOC: The Best Tool for Smart InvestorsWhy It Works:Pay interest only when you use it.Got extra cash?

The new tenants didn't know how to lite the brand-new stove.