Quote from @Todd Anderson: @Benjamin Ying,First off Congrats at making the decision to get started into REI and getting involved with BP. 

No decision yet, but it's looking good for the investor, as they were able to find about 20 other houses in the area that have been operated as STRs for years with no complaints.

I have some great agents in the area that I can introduce you to, who can help you make an informed decision and find the right property for your investment goals.

We made the right decision.

That being said, that decision has resulted in a portfolio of over $200MM and my life has absolutely been changed.

Overall, I regret my decision to invest with them as there is too much risk to the investor (down payment, rehab costs, repairs, vacancy etc.)Their model is based on taking single family homes and rehabbing them to expand the amount of bedrooms, from say 4 to 7, then renting each bedroom out separately, thereby increasing the available rent.You pay for the construction costs, labor, and repairs.  

Calculate the blended rate, your decision as to what to do (2nd or 1st lien refi) is all in the math!

Follow her basic guidelines and don’t make any investment decisions on hunches or emotions.  

The decision to do a cost seg generally comes down to whether or not you can actually benefit currently from the additional depreciation.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.