For each transaction that is successful, there are one or two that die on the operating table.Side note, I think talking about the "average broker" is a bit misleading because I tend to see extremes more frequently than the average.

As a buyer looking for my first (STR) investment property, I'm very skeptical of lower costs for buyers.

I have until Sept 18 to dispute the charges so for now we are doing more investigation, but I'm still highly skeptical at this point.

While this leads to operational headaches, the bigger factor is the next one.Your lower quality tenants, typically, create heavier wear and tear and turn over more frequently.  

However, houses are frequently, almost routinely, removed from the sale process when the borrower makes a catch up payment or two or when the bank perceives some risk to a sale meaning that the property may leave a deficiency.

If you fly over and visit your properties frequently, that's great. 

Over the past year, I've had to make frequent calls and send numerous emails—sometimes daily to MNPMC's office and the managing partner to receive timely owner disbursements.

@Brynn KurtzI would do additional research and learn how many people today are buying housing with none of their own moneyAlso even if you were to do this, you still need money to invest in real estate as properties need constant repairsThe most frequent mistake I see is people take these guru programs and spend all their $ on the guru and have no money to invest in real estate

I understand skepticism.

My recommendation for this strategy is to minimize the amount of possessions you have so it’s easier to pick up and move frequently.