However, some investors don't mind this strategy if they prefer not to put a lot of liquid in up front and plan to refi out within a few years of closing (which seems to be a great option with the talks of the FED reducing interest rates into 2025).It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.

It's not a big hit to me if both projects go to zero, but I'd still like to know what's going on given that the group has missed two reporting periods.I know that this kind of thing has been somewhat common among syndicators in the past year or two due to financial challenges but I don't think rising interest rates should have hurt these projects much.

I haven't closed with him yet but he works on these kinds of properties. 702-623-7336 I will try to get in touch with him.

Hey @Devin Bost, I would highly recommend a few things to help with this. 1) Have systems and processes lined out for any emergency you can think of.2) A spreadsheet of subcontractors/ vendors that could handle the situation that arises (plumbing leak, electric out somewhere, etc.)3) Your cleaning team and handy person should be utilized for some things.4) Something like Breezeway can give you 24/7 support around your property with a dedicated phone number line.

What kind of lawyer do I need to help me get started in a STR business?

A link to FilePlace is at the bottom of every page, so it is easy to find.If you have technical issues, send an email to support@biggerpockets.com and someone will help you.

This way, your rental income supports your next purchase, and you don’t need to save as much for down payments.Financing: Focus on improving your credit and saving for future down payments.

A link to FilePlace is at the bottom of every page, so it is easy to find.If you have technical issues, send an email to support@biggerpockets.com and someone will help you.

To me, the market has spoken and there just aren't many people in the area wanting to pay that kind of price for a rental property. 

What kind of loan should i go with assuming it needs repairs?