**Evaluate the Condition of the House** - With limited cash, repairs might feel overwhelming, but some issues can directly impact the home’s value or ability to refinance.

As you note, there are good large syndicators and there can also be bad small syndicators, so it’s also a case by case evaluation. 

Considering the current market dynamics, it's crucial to evaluate the long-term potential of a property and its potential for cash flow and appreciation.

It could be a great option as you start evaluating your opportunities.Feel free to reach out if you'd like to discuss any specific strategies or markets in more detail.

I made this mistake when I was starting out - I got excited about the returns of a development deal - but I didn't pay attention to the fact that I needed to be a cash flow investor because I did not have a W2 income, nor did I have sufficient passive income yet.It is critical for investors to understand the relative importance of evaluating the sponsor, alignment of interests and the deal.  

Orginially I was evaluating deals and account for tithes, but after expenses, debt service, and reserves.

Build a real estate network, evaluate potential properties, and use the 50% rule to ensure they cover your mortgage and leave positive cash flow.Good luck!

I think this is the gift and the curse of a still emerging asset class (short term rentals) - as it becomes more "institutional" i.e. more like commercial real estate with more sophisticated buyers then financials and systems for this will likely become more streamlined and stable, but we are still in a place where the buyer pools are more newish investors or typically residential basic investors, so not has experienced or sophisticated evaluating investments based on a detailed financial analysis like more seasoned commercial investors likely would.anyways, just a guess on what might be going on here

Here's a deal I'm going to break down pretty thoroughly on my process of evaluation.

I also know the zoning/permits better than the appraiser on some of them because if they passed initial evaluation I looked up the zoning and permits.