Quote from @Dominic Mazzarella: Quote from @Cody Maxwell: I currently am building spec homes in a rural area in Colorado and have been self funding the spec builds.

It counteracts human nature, which is laziness, greediness, self-centeredness.

Scaling quickly, cash flow, appreciation, location/staying local, self-management, etc.

I highly suggest you use our marketplaces to find trusted, investor-friendly team members: Tax Pro finder: https://www.biggerpockets.com/business/finder/tax-and-financ...Lender finder: https://www.biggerpockets.com/business/finder/lendersProperty manager finder (if you go that route and don't self manage): https://www.biggerpockets.com/business/finder/property-manag...

STR management is 20-25% (I would recommend self managing or getting a VA), since income is higher you could probably get away with 5% for maintenance / cap ex but remember you need to cover utilities and cleaning for these units which drives up costs.

I currently own and self-manage two STRs in Maine and should be closing on a small 'cabin campground' with 10 cabins nearby that will also be operated as STRs. 

Are you looking at self managing or putting into a management company?

(I think they charge around $110 last I looked.) 8 years later the tenant they placed is still there but I have self managed for the last 5 years as rents have climbed to $3,500. 

Whether that is most contractors, hiring an engineer, or getting self-educated.

I'm looking at Class B properties in up-and-coming neighborhoods and plan to self-manage once I relocate.