You need to understand that given your situation the asset and operational impact must be absolute minimal, lowest risk exposure possible.

They usually sell for a really attractive price because investment property financing is (obviously) difficult, somewhat limiting the buyer pool to owner-operator small business owners (who in turn are typically great clients, as well).  

I feel like it's a space where great operators can really clean up, since the bar is set really low, in my experience at least.

You can certainly own multiple assets in the same LLC, but I would be careful about operating a business and owning other real estate or investments in that LLC.

@Patrick Pan, if I was operating in a state where that was a concern I would just contact their current landlord for a reference.

Very few people operate their LLC correctly and therfore this just gives them a flase sense of security.Moving into a LLC can also trigger the due on sale clause.

Even really skilled operators are left with no back up plan because they can't pivot to LTR in that market, can´t fetch the price they paid because the STR has lost some steam and was bought using nightly rate numbers etc.

Expenses will level off: Multifamily operators have been plagued by expense increases in the form of taxes and insurance, for the last few years, especially in the south, and especially in Florida and Texas.

I’d love to hear more about how you approach finding these under-$2M properties and what strategies you’re implementing for operations optimization.

District Court to operating a mortgage fraud and equity stripping scheme involving numerous New Hampshire properties.