Annual net operating costs for option 1 are basically the same as the annual revenue.

Transparency and professionalism are core to how we operate, and we ensure all properties have clear, insurable titles before closing.

One of the most important steps you can take as either a startup landlord or seasoned one is to use a platform specific to property management as it will elevate your operation and save you tons of time.The good news is that nearly every software designed for landlords includes these features.

If you are accredited, the best thing to do would be to invest 50k into a syndication and soak up all the knowledge of how it works from an experienced operator before you make the decision whether it's your plan.

Boiler room  operation ? 

None were a match for me personally and many were not a strategy I wanted or too speculative (such as opportunistic strategy which is the riskiest strategy or investing in tertiary markets which also tend to be the first to go belly up when there is trouble etc).You probably actually want to look at your operating agreement to see what rights you have to books and records, etc. 

Have you taken the time to search AirBNB and VRBO in those specific areas to see how many STRs are operating?

You'll need to do a lot of learning on the order of operations.

Thanks, Victor.I have met the people in person, and it's a fairly large, established lender operating in multiple states. 

Some have pointed out the fallacy that to be licensed in some way is different upon the operation.