I've been using Hostaway for a few years and generally like the platform and the support.We made a recent switch from Turno to Breezeway for better vendor/maintenance coordination.

Avoid rushing into a distant market without proper research or a trusted team—it’s a recipe for setbacks.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I am putting due diligence and know that we have an outsized impact if we band together in a coordinated efforts. 

If you purchase a newer property that has been recently and properly renovated, you may consider using a lower percentage.The biggest impact on your cash flow will come from the property’s location.

The fact that a tenant is complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.7.

With proper planning, this can be a great investment!

@Anish KoshyThere is a lot of information out there on how to do your proper due diligence on a syndication, including the sponsor.

Connect with local investors and experts for a house-hacking strategy and ensure proper permits for rental properties.Good luck!

Make sure you are properly screening your leads the same as you would for long term renters.