This is where all of your lessons from the beginner and intermediate stage enable you to be a better manager of your business.

In such a case, the only way to reduce interest paid and "accelerate" the loan is to go in with a shorter term or make higher payments using 0% funds (you pay no interest on it).In this case, if I were guaranteed a 4% interest rate, I'd opt for 15 year amortization so I'd be able to refinance sooner and extract my equity, if that were a key item in my strategy. 

A decent agent in CA will do $10M in sales here which is not that difficult and in doing so, could make ICON enabling the 20% broker split to be given back in stock.

If you have cash on hand to fund the rehab and want to extract it soon after the project is done, you can use delayed financing.

., the core of the issue is you are not responsible for illegal behaviour of others - your tenants in this case - unless you knowingly condone or enable those illegal activities.

This will enable you to compare market rent and property value vs. what the turnkey is stating.Get copies of their management and leasing agreement and read them.

I also use their virtual credit cards which enables me to assign a card to a specific person, like the cleaner for my STR for example, so when she runs a charge, it automatically drops into the right account in terms of categorizing my expenses.

Extract as much as you can from Bigger Pockets/their podcast, that's great.

Get listed on all the OTA’s and a direct booking site, use good management software like HostAway, use dynamic pricing software like pricelabs, use WiFi enabled smart locks like Schlage encode, use an email capture system for guests to login to WiFi like stayfi, use those captured emails to do marketing for your direct booking site, and automate scheduling and payments for cleaners and maintenance.

Wild how many fees PM's tack on to extract value from tenants ontop of rent.