@Camille Romero Operating a rental property out of state, especially just 1, can be very difficult and costly.

To clarify, I have been studying real estate for several years, but have been otherwise engaged in operating  other businesses that my wife and I both own, both as CFO and CEO roles.

And, I think most women would choose a midwife that has gone through pregnancy.Like the OBGYN situation, there is a lot a CPA may not know about the rental business from debiting and crediting some journals and filling out line 242 on some Turbo Tax input form.And, understanding the operating details of the rental business are just as different from preparing a tax return as being pregnant is from delivering a baby. 

I’d love to hear more about how you approach finding these under-$2M properties and what strategies you’re implementing for operations optimization.

Even really skilled operators are left with no back up plan because they can't pivot to LTR in that market, can´t fetch the price they paid because the STR has lost some steam and was bought using nightly rate numbers etc.

I ultimately invested $65 cash, $5k in legal fees, and $9.7k in operational expenses while owning the home, and walked away with $17.3k after a judgement.What made you interested in investing in this type of deal?

LOL.I'll just put it this way - virtually all of the people who I meet out in the real world actually operating and owning profitable businesses don't even have a Youtube channel, and most of them have never learned anything from anyone who does.PS Anyone who uses the word rockstar to describe themselves is not to be trusted.

@Andy S. what capacity are you operating in?

@Patrick Pan, if I was operating in a state where that was a concern I would just contact their current landlord for a reference.

We have talked about things such as rent by the room and acknowledge that the operating model will likely be very different while living in the property vs. when we move out.I think the point you made about assumable loans is very helpful to get into a property you might not otherwise be able to afford.