This reminds me of how Alex Hormozie describes "the value equation"; Experience in this case is the factor that determines the likelihood of achievement. 1,000%Alex Hormozie is one of the greatest marketers not just alive, but ever. 

This will give you a great starting point in determining rent for your underwriting! 

So obviously being in foreclosure, absentee owner, tax lien or any of such "distress" doesn't make you motivated.So what you need to ask yourself is "how do these software determine who or what is a motivated seller right?

Many times the tenants are income based and pay 20-40% wherein only 60-80% may be guaranteed.Aside from the rent percentage issue is pride of ownership.

If it is a direct lender you are able to work to find more favorable terms because they usually determine their terms on a deal by deal basis. 

Never fully trust anyone that isn't willing to share the negative aspects of all this.As I'm sure you've experienced, this can be a very rewarding path to take and depending on your grit and determination, overcoming all the pitfalls are well worth the effort.Cheers and drive safe!

The road to recovery is long, messy, and full of setbacks—but it also taught us something important: with the right support and determination, rebuilding isn’t just possible—it can create stronger, more resilient communities.Now, as wildfires tear through LA, I want to share the lessons we learned to help others rebuild with hope and purpose.

Even the best property management companies (PMC) struggle with:- Finding reliable handyman and contractors (ServiceTechs)- Same with affordable ones- Tracking preventive maintenance- Tracking previous work for potential reoccurrence warranty coverage- Understanding tenant reported problems, so the correct ServiceTech can be dispatched- Determining if tenant is at fault for an issue & should be charged - and will proof stand up in court?

I am new in the relm of property ownership.

🎉I’ve helped clients transition into STR ownership before, and your situation brings up some great questions.