The stays are longer than STRs so of course you would expect more wear and tear and a deep cleaning after each booking.

They know how to really reach you deep down where it matters and get you all pumped up convinced what you need is what they offer to be successful.So how do you not fall for that?

I did not take away from it the host should be a newbie, but I agree, the host should not be a newbie in real estate.What we found actually works best is when you have a newbie with an experienced person so the information can go deep but also be broken down in a simple way to explain things.  

I wouldn't even bother with major cities given the ratios but you likely will get better rental stability pending on asset class but in general deep pocket investors like larger cities for its demand and stability in order to wealth preserve vs cash flow..Investors who want cash flow seek 2nd tier markets..To clarify 5) you meant negative cash flow and not negative cap rate correct?

Really great book overall, but in the first 50 pages or so, they do a deep dive into figuring out your own personal financial statement.

I saw some interesting single family houses (newly constructed) in the range of 200-300K, for examle in:McAllenEdinburgSan JuanMercedesHow can I deep go into research about those cities and neibarhoods in term of demand for rentals and for sales?

It’s the best choice I’ve made so far in my real estate journey because of the solid foundation you gain through off-market acquisitions, as well as the deep understanding of marketing and sales that allows me to offer better services.

Around here we use faucets that have the valve deep inside the house.

Any company insuring your properties without an inspection most likely has a clause buried deep in their policy allowing them to deny claims for conditions found on the property that do not meet their UW standards and they will deny you claim based on "the house should have not been insured with them anyway".Although the inspections can be annoying look at it from the other side.You pay them 1000 to 3000 a year to insure a rental property where they agree to pay out possibly hundreds of thousands of dollars if it burns down or up to 1 million if a tenant slips on a bananna peel and falls down the steps or the tenants dog bites someone and since you didn't enforce the tenant having their own renters policy to cover the dog bite the landlord's policy is paying out.The insurance company is very much like your rich uncle backing your business venture - you run the business, he takes on the financial risk from disasters, and doesn't even get a say in who lives in the property.Your rich uncle asking you to fix the steps, put up a handrail, etc which is in your and his best interest long term.Do you really want to rent out a property with a busted front step and a bad roof that is going to leak sooner than later?

The one thing I did was develop some life long friendships and deep love for Memphis.