Perform a home inspection4.

Originally posted by @John Voychick:I'm sorry for your experience.

How do I know which questions to ask to ensure the property manager is performing at its best?

So you shouldn't count on appreciation to justify under performing STRs.

A cost segregation study was performed on this single family home in Iowa City, Iowa with a depreciable cost basis of $649,900.

(aside from the 1 or 2 homes that have stunning overlook views).When building out your buy box, are you all using the averages, or are you basing your min/max on the cream of the crop listing revenues, even when there aren't clear reasons as to why they are performing so much better than others?

After 6 months of non-payment, we were able to perform an eviction for this tenant.

My biggest frustration isn't with the deal failure itself, it's more with the operating performance of the GP and honestly I'm not sure how an LP can really determine this.

If those earnings didn't stay the same or increase, that could leave the lenders with folks that go bankrupt trying to pay for a property they can't make perform like you did.

I originally looked into QuickBooks but it seemed very expensive for everything I would need it for.