Pete area and would love to hear from those who know the market well.A bit about me — I’ve been in short-term rentals since 2013, starting with hotel management and rental arbitrage in Russia, then expanding to Germany in 2017.

Any other questions, let me know!

Let me know if you'd like some recommendations for a few firms that I think do a nice job.

"Value add multifamily" is a cute term, but it will be an absolute bear of a project that will evaporate cash if you don't know what you are doing...and perhaps even if you do know what you are doing.

There aren't a ton of carriers that have jumped on board in writing STR.Not 100% sure the carriers in your specific state, but I know that Proper will write in all 50 states. 

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Curious to know what you would suggest for durability and longevity for a long term rental.

I agree with you that they would usually be better off buying in A and B neighborhoods unless they live locally and know what they’re getting into.

You have to somewhat know someone in the fund or one of the partners to get more info about it

I know the potential of already having the deal under our belt prior to his arrival.