Quote from @Chris Seveney: @Luke H.I would be very skeptical of appraisal at $250k and buying it for $120k.On paper yes seems like not a bad deal but I wouldn’t do it because it’s five year term.

If the proforma has the rent roll at $1400 a month, there is a discrepancy that could lead you into a bad assumption on your business plan.Also one caveat, be aware of physical delineations around the area like bridges or railroad tracks or a canal. 

It's usually a very bad idea to go into business with friends or family. 

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

Hi all - I'm a new STR host and I recently had my first bad guest experience and have some questions about damage protection and guest verification on VRBO specifically.

Probably even more from the bad deals..Long term you are better off with better real estate.

I've read a lot of bad information on how some gurus are promoting techniques that are flawed at best, fraud at worst.

But that's not too bad for me.

Our logical process:1) Use Neighborhood rankings to narrow down area of city you want to invest in2) Focus on getting to know that Neighborhood(s), so you know the good & bad streets, block-by-block.3) Be patient to acquire properties on good streets that meet your buying criteria.Our rankings are done with a "bell curve" approach.

Hello, I have a primary residence and about $10k in bad debt (not including car note, student loans and a small medical bill).