I've been in a co-living mastermind for a year, but I'm curious how you set your business up.

Why give up a couple percent?

A little over 15 years ago, in the late spring of 2009, I was a brand spanking new real estate agent coming off of a miserably failed real estate investment venture.

So you will have support along the way, and we can answer any questions as they come up. 

the midwest has lower price points than other areas of the US, sure, but it also comes with its own challenges - for example, very old housing stock, lots of deferred maintenance, and tremendous demand for the best properties."

I never got the consultation, but was politely told my portfolio is probably too small to pay their annual fees (starts at $2500 and goes up).

Hi Leo, its been years since I closed on a HUD property but you close on the property as soon as title is ready like any other property.  

Quote from @Joe Paasch: I have joined this site to gain important incites, discussions and plans to build a successful portfolio.  

We did a couple recent ones that were on market, fixed them up and got them to market after the remodel with a profit.

The increasing barrier to entry results in fewer new STR's coming available for sale, but also fewer options for guests to rent.