Quote from @Marc Rice: Quote from @Blake Dailey: So excited to announce to the community that as of last month, I acquired my largest deal to date which is a 130-Unit Hotel and Resort in the Smoky Mountains of Tennessee!

Plus, as mentioned your risk exposure would be huge if you didn't have a contract in hand to lease, plus they won't want to lease from you, because they are a Sticky or capture tenant.Start small and Make Your Big Mistakes Early.

Quote from @Casi Rice: Marketing idea: find 1-2 trusted property management partners.

So I'm guessing it might depend on your state laws and personal situation. and make sure you know of any sticky items that would eliminate the protection you get from the LLC.

Also, other than RICE insurance, do you pick up any additional liability insurance in case something goes south with the deal and there is a liability issue?

Quote from @Ryan DeRobertis: Quote from @Marc Rice: Quote from @Ryan DeRobertis: I am considering my first rental/vacation property and would like it to be in Puerto Rico for a few reasons:--1. 

Quote from @Casi Rice: @Jonathan Greene Hello!

Kind of like Rip off Report you get tagged on that one and it goes front page or very close to it.. and very sticky.

Case in point: Inflation is still sticky, like my sourdough bread leaven.

The best way to get a mentor is to become friends with many other investors (this is why meetups are great) and see which ones stick. I