Fatal mistake to buy that on the forward curve.My recommendation would be to get out of this position; the STR is in an extremely oversaturated market and the underlying asset is a clone of many.

I am not an expert here but my thought is that you would learn a lot by getting your license and have more credibility in the industry at large so if your time and finances allow- get that license:)

What new apartments are permitted around it...or 1/2 way thru construction, but not on the market.How do you become an expert or master it.....probably like any other skill...practice. 

With the caveat that I'm much more familiar with traditional private equity funds than real estate investment funds, I would caution that the returns waterfall is extremely favorable for the GP.

Put 15-20k into the property for renovations and to renovate the 3rd floor attic space and he told me it just appraised for 155k but you really need experts on the ground who can help you locate these deals and help get the best price.

The only thing that spreads faster than a wildfire in a 100mph wind is everyone's "expert" opinion. 

You really have to be an expert and outshine the competition here.

Question for the experts here is which are the top three Real Estate Investment coaching programs that are known?

The process of buying, getting a loan and settling to closing was extremely smooth.

Sometimes I think, well maybe that newby is an expert at draining swamps....or they have a helicopter to reach the landlocked property and want to practice aerial concrete and building material transport.There was a guy on here the other day, challenging me that he could not possibly go look at all the "deals" he was going to buy in Florida for 10c on the $1.