If you can come up with an extra 1.5% and finance with a conventional loan you have none of those downsides, a lower monthly payment and PMI only until you hit 20% equity

Just remember there are less people that can afford the 1 million dollar plus houses than can afford the $300 to $400 thousand dollar houses .

Just because a property does not hit "1%" doesn't mean that it's not a good deal.

You hit right on the nail.

Some high and lowlights:- I had one tenant that brought German cockroaches in and then blamed it on me- Same tenant asking if her daughter can visit but failed to mention it was 5 more very noisy people- another tenant having constant loud arguments with his gf- tenant saved some of my stuff when the house flooded due to a pipe burst and another time during a monster rain storm.

We normally do not seek judgement due to the expense that is involved, even after you win you have to continue to renew the judgement every year.We put them in collections and have it hit all three credit bureaus.

I recently listened to their interview with The Real Estate Guys Radio Show and it's great to have a forum like here where we can hear from people's own experiences.

People even break leases all the time.The lady could decide to manage her self, she could get hit by a bus and her Heirs realize the STR person is making too much money off their property.

I also have some capital to contribute.Could someone explain how syndications are typically structured, and how are people using Other People's Money (OPM) to build large portfolios with little to no money down?

Tough hit, great attitude.