This is something I make sure to discuss with anyone I partner with so that the last thing we face down the road is a margin call.

@Courtney Duong  I seem to be facing similar issues as described in the thread.

This is why is is extremely important that you use local resources who own STR's in the area or manage them at a bare minimum.

Our pro forma for the self storage property we built was rock solid until we opened the business and a year later I was facing losing everything because of all sorts of factors beyond my control.

2) How did you structure your first deal, and what challenges did you face?

I see a lot of potential in your situation, and I’d love to offer some insights based on my own experience and what I’ve seen work for others in your shoes.A couple of years ago, a freind of mine, also a sole provider for his family, faced a similar dilemma.

If anyone has faced a similar issue with an HOA or has suggestions for next steps, I’d really appreciate your insights.

That appears to be the issue Caria is facing. 

I bought a 3 Bedroom SFH in Cahokia Heights, IL on April 2024 and it is STILL NOT RENTED TODAY.I bought for $79k convinced by the Section 8 mentor Tom Cruz to buy from his team and to focus on cashflow vs. appreciationI went through 3 contractors that all did a subpar job and just barely got it all togetherI haven't been able to find an appropriate Property Management team to help on this side of ILI have it listed for rent (Zillow, Turbotenant, Fb, Craigslist) for about 3-4 weeks now since repairs were done.If anyone has any suggestions to get this rented ASAP I would greatly appreciate it and any Property Management connections that can help would be amazing as well.Thank you all for your time and Happy Holidays & Happy New Year Ouch. 

He was bashed in the face with a big Dewalt drill.I had bought him from one of my subs.