The members here on BP that talk about STR auto-run systems didn't install those systems and find dependable cleaners & handymen overnight.

One of them accidentally paid for January rent because of auto pay and is now requesting it back.

That being said, I don't have the information I would need to say for certain, but that sounds as if that's a high price for the asset you're considering to buy.

Not only will lenders be effected, but borrower credit, business loans, inventory, and auto credit will suffer when those effected have to relocate, find long term replacement housing and their livelihoods and income are destroyed.

So, there is even more risk.The things that you can do, include being properly capitalized, not be greedy, (in whichever way that may be defined in the county you are buying), know solicitation laws, know Dodd-Frank, the Consumer Protection Act, the S.A.F.E.

I’d recommend waiting till you have a cushion of some sort depending on your comfort level before you take the plunge and buy the second deal.

Hello everyone,I’m a Canadian looking to buy a short term rental vacation home in the Kissimmee area.Currently we own a long term rental home in Winter Garden which we bought some time ago, and will be paid off completely in Feb 2029.  

I have some buy and hold rentals and have never done a BRRRR.

What ever you're doing to find/buy/create deals is working.

@Taylor DaschYou can buy the property in your own name if it's outside the so-called restricted zone.