We'd buy it as a STR--that we could occasionally visit--but mainly STR it.

Additionally, I am occasionally out of the country for 2 weeks to 3 months.

Oh, and I guess c) I like to occasionally take my young son with me to check up on job sites so there is that too.Some good tips though, and I agree, sometimes it's worth just doing it yourself because of the turn around time and potential loss of rental revenue.

The inspector pointed out multiple items but I am stuck to take a decision on two things specifically:(1) The side entrance is missing flashing over the awning.

If he has a property that doesn't cashflow for a few years, it's nothing to him.Don't bet the farm if all you have is a farm.  ...but, if you have a thousand farms, maybe it's ok to roll some dice on a couple of farms occasionally...As with all things, it's all relative and contextual--which is why a hard and fast rule that makes sense for one investor might make zero sense for another investor.

One type of coach is a "group" or "community" where active investors are meeting and occasionally you find people who can answer your questions.

Here nearly every auction is on a Tuesday, 1st Tuesday of the month, so they will get paid on Friday/Monday...and occasionally 5 mins before the sale.You are correct $500,000 properties rarely get sold for $10,000.   

With that, we became the American Association of Private Lenders—and we began spreading the word.Finally, Some DefinitionsUnderpinning the concept of minimizing the use of “hard money” in our industry is a recurring theme of standardization—that the root of the issue is too many interpretations of what the same terms mean.We offer up the following definitions for discussion, debate, fine-tuning, and eventual consensus [last updated 5/9/2022]:Private lender: Any non-depository individual or entity that primarily originates business-purpose loans secured by hard assets, generally real estate.Hard money lender: A subset of private lender where creditworthiness is determined solely by the securing real estate collateral.Correspondent lender: A subset of private lender where the closed loan is sold to investors.Portfolio lender: A subset of private lender where the closed loan remains in the lender’s portfolio.Fund manager: A subset of private lender where, depending on the fund structure, the deployed capital is sourced by offering exempted securities to accredited and occasionally non-accredited private investors.Private investor: An individual or entity that seeks a return by deploying capital through a private lender or fund; the investor may or may not be named on the loan’s promissory note.Private money broker: Any individual or entity that acts as an intermediary between a borrower and a private lender without directly originating the loan.

Normally the Trustee is empowered to sell without beneficiary interaction, but occasionally the beneficiary could be involved. 

We occasionally, get tempted by Spokane.