@Jay Hinrichs you live in Oregon, what's your knowledge in this area?

Do not mix money and expenses, or it won't protect you from lawsuits as intended.

1.5k List 4 plus 2 1/2. 125k update no one has lived in since remodel.9737 Keeneland Row Blackhorse Community La Jolla CA

I live in Laurel, MD.

I do have folks that don't book because of that.That is a good thing as not understanding the distance to get places will create bad blood and cause those 2 and 3 star reviews which no one wants to see.Like @John Underwood, our place isn't cheap so we don't get the folks that destroy places.The bottom line is that you are renting out an expensive asset to strangers for 3-10 days or whatever.

Hi Chris from the U.P. of Michigan.Congratulations on deciding to get into real estate investing with your first Buy, Rehab, Rent, Re-finance, and Repeat or BRRRR and you are wondering where to start and who you should add to your team first.It is good you have cash or cash equivalents to buy the property and complete the repairs.As far as who to have on your team first, I would say an investor friendly Realtor who can help you find deals and introduce you to the rest of the team like a good property inspector to hopefully let you know about potentially expensive repairs early before buying the property so you can buy it well or not buy it at all.

You should go through an RMLO if it is a homeowner who will live there.You are doing a wrap loan.

With your point, it seems like living security of 'where's next' for them will be the biggest obstacle for the seller to overcome.

I currently live in Denver but am looking to move to a new state.

@Mike Grudzien @Tim Delaney do you guys think it'd be worth joining a credit union in the city I used to live just to get the rate even if I'm out of state now, will they still give a better rate?