Risks: rates go down and you have to pay a prepay of 2 or 3 %; you have to sell and pay the prepay; rents decline & you can't make the payment like any other type of loan; cost upfront a little more than conventional; need to find experienced broker licensed in the state where subject property sits; servicers are bulldogs. 

We service the entire coast and consistently plan efficient physical and remote tours encompassing several cities or regions. - Property Management: No STR can be successful without quality cleaners and management.

(see attachment)Before you invest, please feel free to contact me and I will be happy to furnish all of the documentation of this episode, but in the meantime don't trust anything that is not in writing and don't sign any document that allows them to stop paying the interest and/or principal that is owed for any reason.As I am currently preparing a report for the BBB, the CFPB and the FCC, I would also ask if anyone else has had a similar experience; I feel like David vs.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

I suggest using a service like Mayistay.

I like the tub (it wasn't cheap, about 12 grand) but there's not great service options where I live and not sure if I would get it again since I mostly have to take care of it. 

This experience will help you prepare for more complex real estate deals in the future.

You will have to pay an annual fee for this service, but it takes the repairs and Tenant requests off your plate. 

Be prepared to do your due diligence and make competitive offers.So, what do you think?

The second company had a PM contract and due to other reasons we did not continue their services after a couple of months so tax stuff did not arise.