The process has been and continues to be very time consuming as counsel is conducting due diligence, and has requested and is assessing a substantial amount of information.

The E-Myth by Michael Gerber- Start and operate your business with the consumer in mind... not you... not your product or service.

Also, our cleaners will report property issues to us through Breezeway and we manage all of the repairs and consumables.  

I do both an email and a phone call I usually email first and do a phone call to ask if they have a phone number.Thank you for the advice, I understand the lack of creating equity but I feel like all I'm doing is the same as any other buisness which is getting a product, repurposing it for a consumer, and selling said product/service.

There’s also a lot of demand for these rentals, so filling vacancies usually isn't a problem, which means fewer months with no rent coming in.

Of course there are other things that can happen that are out of the investors control such as an internal audit but outside of this, it would be super expensive and time consuming for lenders to randomly review all of there loans without cause.

Income reserves in excess of 6 months living expenses, no consumer debts, leveraged mortgages with no payment coming out of pocket.

Make sure you don't get into consumer debt again after paying things off

Every step of the way it is complicated, counter intuitive, and time consuming. 

@Himateja Madala The STR world can be vastly different from LTR investments and they can consume a lot of your time.