pack your trips with showings and meetings.if it's not worth it to you to spend some time and money doing that... then don't spend tens of thousands of dollars on a property.

The same goes here - you have an deal worth several hundred thousand dollars on the line.

I suspect it isn't just that they are responsible people, they probably don't want the good credit score to be ruined by non-payment/late rent.

I agree their insights into often undervalued markets is interesting but I also think that thousands of people look at the same data and these are often small markets and can't sustain hundreds of new STR's

@Chris Kay finding a quality, cost-effective contractor is extremely difficult:(There are thousands of contractors that are great talkers, but rarely perform within budget.Standard bait & switch is to lowball a bid, then once they get started all sorts of things "pop up" that somehow their bid didn't cover.

Expect to spend several thousand.

Nearly most of the newbies, close to the 90 percentile took bad deals and either had it foreclosed on or lost tens of thousands of dollars.

Keeping a 2.99% rate sounds great, but it may be costing you thousands of dollars if you are in the double digits with your other outstanding debts.

I feel if a person doesn't have the time or desire to get on a plane to look at something they are dumping hundreds of thousands of dollars in, they probably are not that suited for this business.

I have some great examples in my book, including my father-in-law who lost tens of thousands from a single mother that he tried to help.Stay at market rates.