Second, you don't want to operate at a net loss, it's money out of your pocket every month and essentially negates your equity gains over time.

I am guessing his hands are tied as Norada is simply the marketing company and I am guessing no operational control of Wagner.

It depends on where you want to position yourself in the market and what makes sense from a business perspective in relation to your overhead / operational costs.

Gita,At least the way I prefer to do things is to only run accrual based accounting activity on my day to day operations.

Hi everyone, Hoping to connect with someone who has experience renting to or operating residential care facilities. 

@Camille Romero Operating a rental property out of state, especially just 1, can be very difficult and costly.

As long as you're doing that, there's always a risk, and 50 years from now it will probably be illegal everywhere to operate STRs in residential zoning, just like it's illegal to operate a steel mill there. 

I host a group for midterm rental operators and I had 2 people in last week's meeting essentially say the same thing.

I've seen the SEC come in and shut down bad operators immediately as a risk to the public when they continue to raise money like this.

I do not know PL too much but I know it is the most popular for small unit count operators.