A reliable contractor and an exceptional agent can make all the difference when things go wrong.The Outcome:This was a humbling experience, and I still wonder if I could have done anything differently (besides the insurance). 

I would look at other people's STR photos for ideas or consult a designer.We bought stuff from Lazyboy and they had a designer on staff to help us pick out stuff.

Obviously, I'm not a lawyer and should consult with one before.

Spend the $25,000 on a deal not a consultant.

From there, work with a reliable cash-out refinance partner to continually access your equity, allowing you to keep non-taxable cash on hand for future investments.

However, transferring a mortgaged property to an LLC could trigger a due-on-sale clause, so consult your lender before doing so.While an LLC does not save taxes, it can make audits more straightforward and help present your rental as a business and you can combine all the hours from multiple STRS into one to meet the MP requirements.

For consulting with a CPA.As mentioned above you can simply take monthly distributions, but what is most important is how you are set up. 

They found that targeting traveling nurses and medical residents provided reliable income, especially with amenities like a washer/dryer and blackout curtains.. details that are often overlooked but highly valued.For STR potential, I’d suggest researching local tourism data.

And you need your property occupied by a reliable tenant.

@Jason Malabute Yep - I'm currently invested with BAM in Fund #1 and Fund #3 (no money in the war-chest when #2 came around)Distributions have been consistent and reliable and Fund #1 has already generated a 2x equity multiple.