on the HML did U not get a first position mortgage or deed of trust with lenders Alta ?

But we dont go down the chain to see if the roofer is paying his shingles bill though /  Having Subs you can trust is paramount in this business.. cheap is not always what you waant you want subs that are making money and pay their bills and have credit..

If you want to be generating leads from a website, SEO will help with credibility and long term visibility, and an attractive website will also help with building credibility and trust too.

@Michael Klick Congrats on getting things moving in your investing journey. 

What is your biggest challenge in RE investing right now?

You'll likely want to evaluate the investment with UDFI tax figured in.The Solo 401k trust would make the payments to the seller/lender and would also pay for any investment-related expenses.

I am responding as a consumer not a STR owner we had one its lasted for us for exactly one tenant then we felt it was too much work for the return  on investment we do much better loaning money and buidling new homes than to worry about people goofing up our homes :)I do have some MTR you know fully furnished homes in Vegas and those are money makers for us top of the line tneants paying double the going rate for rent.

As others have mentioned - yes many folks use VAs that are great for the administrative tasks, but you NEED boots on the ground partners / professionals that you can trust in the coliving world. 

Please consider this if you move forward.Additionally, you need to have a broker on payroll in illinois and three separate bank accounts with the security deposit trust account located in illinois.

Even trusting a brand new GC who's licensed/"qualified" is a risk from out of state, let alone out of country.