If it would concentrate on rent collection only and do it well, it might be okay.

I have been following the Real Estate Investing industry for a while and just recently decided to put my focus into it and implement a plan I had in mind for years.So I went down to Puerto Vallarta I put together a team of local realtors, brokers, contractors, property managers and a lawyer. 

I would be interested to hear others' experience as well.

We now invest in the Detroit market place where we have established a great team on the ground and are finding properties with great numbers.

The overall trend of the 10-year treasury appears to be downward reflecting as well right now, with the most recent high of 4.8% on 1/13/2025 failing to touch the previous high of 4.98% on 10/19/2023 and now sharply falling to 4.62% today (1/24/2025).

Any marketing should always be based on the information provided by sellers in a deal. 

Right now, you may be looking at it as scalable, but assembling a team without a track record is hard because some may end up being leeches.

Evan Hiller was quoted in the Wall Street Journal article about the Nightingale/Crowdstreet deal debacle:https://www.riggsdavie.com/team/evan-c-hiller

There are neighborhoods such as Olivia Beach that allow STR usages outright as well as pockets with specific Commercial Tourist Zoning that are not subject to a waitlist.The other major change to a top STR destination was in Rockaway Beach Oregon.

Build a strong team with experienced lenders, real estate agents, and property managers, and educate yourself through books and podcasts.