This is so scary, I would NEVER do this type of deal again, and many investors are experiencing the same thing, except some are not even aware of the seriousness of their investment losses yet.  

I’m looking to manage a few short-term rentals in the area and would love to hear from experienced hosts or managers about what it takes to excel in this space.Here are a few questions I’d love to get your thoughts on:What skills or qualities make a great property manager?

I wanted to share a bit about my situation and get some advice from those more experienced in real estate.My wife and I live in Irvine, Orange County, as renters.

If you are experienced, how important do you think it is to know a deal killer? 

We are experienced and have never involved anyone in our projects and have never used a loan outside of a conventional mortgage.

Quote from @Stuart Udis: ....But I set the goal of acquiring 50 doors in the next 3 years using the BRRRR method and will then be financially free...isn't that a scalable business :)We see the above type comments from not so experienced investors or business owners all the time being posted on BP.  

Lately I am seeing many investors (new and experienced) feel the hit of the market conditions.

We are sorry about any inconvenience that you may have experienced.

Financing as a non-US citizen might be a challenge, but it’s not impossible—I’d recommend reaching out to lenders experienced with foreign investors early in your journey.A few general tips:1.

Experienced managers can help evaluate potential investments by providing insights on rental demand, market rents, tenant preferences, and location-specific factors that affect leasing success.For example, rental properties need to be close to conveniences like major roads, shopping, and schools.