A great PM will take 10% of your money every month, but they can also add value to your property depending on what they do and how they manage.

It is completely free for the landlord and tenants and the site makes money through premium features like background checks, speedier processing of rent payments, etc.I can post rentals, accept applications, do background checks, create leases and send them out for e-signature all for free.

Hey @Andy Rousch, so we have a site saved over at Bluehost, but I haven't built it out.

I use a different site to get rental estimates. https://propertyprofitcalc.com/RentEstimator

Just because you are new to investing, new to the site, or new to a meetup doesn't mean you shouldn't show up prepared.

With that being stated, what do I do if I borrow funds from someone and the deal goes sour?

On the next renewal just site rehabbing the entire unit and get her out.

The potential for a loan call is higher and higher with sub to the more parties you involve if that makes sense.Trying to take down four homes sub to and then do remodels to them all, and then list them on short-term rental sites, and get full permitting and ok for not just the STR, but for your renovations and all prior renovations maybe done without a permit, while on subto, sounds like a pretty big mess to me.I would consult with a sub to specialist and prepare for the potential of having all the loans called at some point.

What you would do is have an agreement in place with a lender for a bridge loan and have your current home as a cross collateralization.

Some co-hosts are locals who will assist and drop off extra linens, do check ins, etc.