Navigating these from a distance can be more challenging.Market Risk: You might not be as immediately aware of changes in the market dynamics, and reacting to market shifts can be more challenging when you're not physically present.Travel Costs and Time: Visiting your property or dealing with issues may require more time and resources, especially if it's a considerable distance away.In summary, investing out-of-state offers the potential for diversification and higher returns, but it requires careful planning, reliance on local experts, and a willingness to adapt to different market dynamics.

Legals mate,Goes into company operating account and not title company.So in a way it isn't a "Deposit".Plus, would never hold onto it and would always refund as we aren't in the biz of "stealing" deposits per se.It's just a sign of good faith that an investor is willing to put their money where their mouth is and the verbiage also specifies this clearly.If they trust us and are going to purchase a turnkey property from us for $80,000 in cash for example, then there should be no hesitance in paying a $5,000 refundable deposit either.Who bulks at this, isn't serious and hasn't done enough research on our market, company and operation so it's a "no fit".Introduced this a while ago as a protection method to not waste time on calls, deal presentation, company resources, etc... only for someone to go MIA and steal all the inside knowledge they gained from us.

Along the pond or lake make the lots bigger if that is the look or community you are after.  

I would really recommend self managing, Bigger Pockets has so many great resources for this from STR boot camp to the book on STR called Short Term Rental, Long Term Wealth.  

Definitely the best name around ;) As I browse through BP it is definitely overwhelming the amount of resources that are available.

Would be happy to extend their info as a resource

If you find someone that seems to know a lot of people needing your services, wouldn’t it make sense to focus more resources on them?

Or are there resources you can point me to so I can dig deeper?

Think bigger than that, put your money to work for you and buy income producing assets or invest in other ways that earns more than what you’re paying for on your mortgage.

One of the bigger wins for me is the ability to duplicate listings fairly quickly across multiple platforms like HomeAway and booking.com, with an API integration you no longer need to use their admin screen and can do it all from HomeAway as well as process payments via Stripe.