I would add that SFH airbnb market here is saturated BUT I believe there is still a robust market for larger homes for family gatherings and events.

Hi @Meghan CarsonI don't have a specific number in  mind... yet.

I'd talk to brokers in your specific asset class and market.Do you already own similar assets?

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

But just in case things turn around quickly and you want to jump on an opportunity, it’s good to think ahead.I’d check back in with your CPA and ask specifically:•If I don’t use the cost seg study this year, can I carry it forward and use it later?

Is this similar in your market? 

But if you can find the property which can qualify as rural, then you can finance.As an example, farm labor housing is multifamily and there are specific programs inside the USDA portfolio which target those types of properties.

@Todd Anderson totally agree on finding a mentor in the market to learn from.

I think coaching can be really helpful if it's specific.

My background other than Real Estate is in Engineering, specifically Manufacturing Engineering.