It was a heavy value add deal at a great basis.

In fact, only 0.75 acre of it can be used - the rest contains of steep hills, cliffs, heavy rocks - no way that can be used for anything (I was fully aware of that).

They pitched to overworked middle class folks that they do "95% of the heavy lifting".

Hey @Austin Berlick from Austin hahaRenting by the room is definitely more task heavy than other forms of renting.

I've tried looking up this info on biggerpockets but there doesn't seem to be anything with heavy detail on this topic.

It doesn’t happen over night.

Construction and heavy reno will create/reveal problems you didn't know existed, have a healthy contingency and stomach.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

High touch" and customer service from an "impression" standpoint might suffer but all else could work very well.Automated showings is easy nowadays.Automated maintenance and scheduling is fairly easy nowadays also as long as you have a solid vendor list.Also, have to "teach" the tenant from day 1 on "How to" use and do all of these things so on-boarding instructional manuals are vital.Just my opinion but I'm seeing the world of PM go heavily in the virtual direction.Well, at least the smart companies are doing it.Less overheads and a heavy reliance on tech and automation.Unfortunately, tech has let me down much less than people have over the years...I had an in depth talk with our team and we pretty much only need an office to hold keys lolEvery one can work from home with ease.Granted, they got use to the smell of my cigars in the office hahaIs smoking allowed in closed spaces?

@Gary Barella that story hit home with me heavy.

Resolution 2023-10-03, passed by the Board of Commissioners in October 2023, mandates that all short-term rental unit (STRU) cleaning companies must pay a fee to dispose of the waste produced at the overnight rental units they clean.