Most investors downfall is getting caught up dealing with the BS minutia of operating their real estate business and have no time to focus on true business development and growth.

If you find a deal with solid cash flow, partnering up might give you more flexibility while still allowing you to control and operate the property.Out-of-State Opportunities: If the local market makes it tough to find larger value-add properties, you could consider diversifying into other markets with lower barriers to entry.

He operated it well.

This gives the owner client peace of mind as well as some protection.Non-humble self promotion: I own and operate Blue Door Residential Property Management (and am fully licensed) and would be happy to talk about your needs if you want to shoot me a PM.

To simply put, property accounting is anything to do with the actual property operating day to day accounting such as rent income and rent expensesCorporate accounting is anything to do with the LLC as an overall so if you pay for gas for your car for business, it will be corporate, if you pay for a meal, this is corporate, paying for business licenses, office supplies, etc.Actually I learned this from him

Then operate from there.

Does anyone have any experience owning/operating a short term rental in Blue Ridge (or surrounding areas)?

How many years in operation?

This lack of sophistication with money leads many to avoid using credit at all and just continuing to operate within their comfort zone.

Maybe operate it as a mid-term/short-term rental?