I always get a good  laugh when I sit down at a retail branch to open a business banking account and the banker glances over my operating agreement for 2-3 minutes.

Whose interests are they keeping in the forefront, theirs or mine?

It can be done but I would probably also diversify it in private lending or another type and just not NPN's.I think reality people need to understand is the days of 25%+ returns are only happening if the operator is on top of their game but stuff is being sold and priced out at 15-20% and that should be the expectation.

The bookkeepers then assign the cleaning cost to the correct owner's statement to be reimbursed at the end of each month.I pay them through Venmo in a bulk payment every couple weeks, which is linked directly to my Operating Expense account to pull the funds from the OTA payouts we receive.

I focus on Columbus, Ohio, which has seen significant growth, especially with tech giants like Intel, Meta, Amazon, and Google setting up operations, driving up property prices and job opportunities.

Some of the main reasons are that operating expenses, acquisition costs, and capital expenditures take a substantial amount of any would-be profits.

I think the experience of the operator is the biggest risk factor we see.

I agree with Chris.I would recommend you partner with someone with experience as an operator.

Important metrics will be population growth and job growth diversity (avoids boom bust industry like mining or oil), population growth, new construction, and I look at median home price growth and rent growth. 

A friend of mine recommended Zillow as well.