Also just look online and steal some ideas...I used to Google Luxury Kitchens and then figure out how to do the same for less $$.You'll be fine with your experience.

It is also worth noting that property management is often closer to 30% of gross rent for a short-term rental due to the much more intensive hands-on management compared to a typical 10% for long-term and as such, I agree with recommendations above that medium term rentals may provide the best of both worlds if you are able to tailor proximity to a local need, e.g. hospitals and travel nurses.Again, happy to relay my personal experiences in the area if you're interested.Best of luck,Patrick

I'm just new to this world and wonder what someone with some experience would do.

@Michelle Wang, I completely understand your frustration, and I want to say that you are not alone in this experience.

I very well could have done it the wrong way, but this was just my experience.

In our view, experience and integrity are by far the most important parts of any private loan.

Anyone have experience with using Eclipse Capitol Group from Michigan?

Sounds like you’ve got a solid foundation with your GC and project management experience.

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

In my experience, most mom-and-pop investors lose a lot of money due to poor management of tenants, as well as poor/deferred maintenance.