After the project managers left, I sat there and just talked about real estate, family and what he has done to amass 60 multifamily units in the Memphis area.

So now I have both my personal residence and a leased property as STRs.Even though I live 3 hours away from my leased STR property, I've built a team that assists with managing it, so I don't have to be there all the time.Here are some key things I've learned:Regulations: Research the specific STR regulations in the state and city where you're looking to buy.

Are these forums a good place to connect with managing partners for JVs or syndications?

One month of vacancy has cost you $2,400.

That's why appraisers do the comparative approach and then secondarily the cost approach.So far, 100% of the time you don't get dollar for dollar back from what I've seen.

Tenant stopped paying rent before 2 months of the lease expiring, property manager filed for eviction process but tenant vacated the property before sheriff served the notice.

Cash flow has been hampered by an increase in cost of ownership recently, specifically insurance. 

@Tiffani HollisFor a long-term rental, I’d avoid used dishwashers entirely—repair costs and reliability issues often outweigh the savings.

I have 3 homes managed by a property manager.

Unit was rented by some one who was the manager for a about a year and then gave over managing to me.