There are of course countless variables that will make or break a deal which is why this is a rule of thumb.

(GRAIN of SALT ALERT: I have not transitioned from the residential to commercial side; I am simply sharing what I have heard countless times on podcasts/YouTube).  

I flipped it for 2x what I bought it for and with dealing with all the stupid people, I was more than happy to offload it.I don't think people who are trying to get into the STR game realize just how stupid people can be.

I have thought long and hard about this, built countless spreadsheets, talked to investors, realtors, lenders, family members, read countless real estate and investment and business books, and listened to hundreds and hundreds of hours of podcasts.  

Amazon selecting Las Vegas for this type of infrastructure will bring others to Las Vegas as well.The hospitality industry is still expanding:Virgin Hotels just opened a new hotel/casino.The First Atari Hotel Looks Like a Gamer's Fantasy — and It’s Opening in Las Vegas The Boring Company plans to expand the existing underground transit system in Las Vegas.Resorts World, a $7B hotel/casino is opening summer 2021.

Proud of you my man because you are doing exactly what we have told countless clients to do.

You're goal is NOT to waste countless hours driving around in your car and trespassing on other peoples property to try and get look in the window so see what the place looks like on the inside.

I have read countless books and watched tons of videos on real estate investing and I am ready to jump in to the business.

The reason being: a mentor who actually knows you and your circumstances can provide feedback that's far more personalized than what you'll get from podcasts, books, etc.When I was first starting out, my main "mentor" was my agent--who has a TON of experience buying, selling, rehabbing, maintaining and managing properties. ...back before I had any experience of my own, he was an incredibly valuable resource who helped me navigate some pretty complex problems that podcasts, books, etc. don't address...real estate is a complex business, and every time I think I've seen it all, I encounter a new problem/challenge that just isn't fully addressed in books/podcasts etc.I didn't pay my agent directly for his mentorship, but he realized I was a serious customer (especially after I bought my third property with him), and so he was willing to provide a lot of guidance because he knew his time would be paid for the next time I bought another property...today, I'm his best client, and we regularly have multi-hour long discussions about countless issues/challenges/problems we encounter in REI.So no, I wouldn't suggest paying $10k for a guru, but I WOULD suggest surrounding yourself by highly experienced, highly competent people, and figuring out a way for you to bring value to those people so that they're incentivized to bring value to you! 

First off, I would like to thank all of you for all of the wonderful insight and positive help you have given countless people like myself who are just starting out.