YES  How was your experience with the lending process on this?

Though, this process will be the same for the other state (if you created a CA LLC you may need to register it as a foreign LLC in the state in which you are doing business/holding property).

If you have a “Preapproval” it can be much more valid, the lender may or may not have gone thru the DU process  The reason to ask for a DU is to verify that the lender Actually looked at everything they should have in order to Preapprove you and that they actually Did the DU step  It is in Your best interest to provide the DU if you want the seller to be confident in your offer.

Hey @Devin Bost, I would highly recommend a few things to help with this. 1) Have systems and processes lined out for any emergency you can think of.2) A spreadsheet of subcontractors/ vendors that could handle the situation that arises (plumbing leak, electric out somewhere, etc.)3) Your cleaning team and handy person should be utilized for some things.4) Something like Breezeway can give you 24/7 support around your property with a dedicated phone number line.

We’re wondering if these fees and processes are standard for short-term rentals.

This strategy enabled swift purchasing and closing processes.

I'm in the process of opening my second house with Oxford in Northern Colorado and will be looking for a third in and around the Denver area. 

Find a mentor to speed up your real estate investing process.

The key is to make sure you buy in the right areas and have a solid tenant-screening process and management team in place.

I hired him and we began the process with permits and such.