I have picked out all of my own buys Sometimes I get there and have to pass based on the condition of the piece. 

All the units look great and done in workmanlike manner but the 2bd/1bath unit has a funky set up and layout where it looks like it was pieced together. 

If it's not satisfactory (or even questionable), a Phase II is in order - in fact, your lender will most likely require it.Assuming that all the environmental pieces are good to go, you then need to evaluate the business itself. 

We should not be trying to piece something together after the fact, but rather:  Ethics should be front and center in everyone's mind and training in everyday life. 

What's your best piece of advice or tip when starting out managing a STR?

What would be the best piece of advice you could give me? 

Both Ohio and California are going to get their piece.

I usually receive a large bonus from work in late June so July 2025 is my target date to buy my first piece of property, although I realize opportunities may arise before then. 

It literally took me years to get all of the pieces into place, but now I have a huge amount of freedom and flexibility.

This is the most complicated piece because you are essentially the mortgage originator (which might run into licensing concerns depending on how many times you do this and your state), and you need to make sure the person who is buying is a good borrower.3) close with a title company or lawyer (state dependent) who knows how to deal with this type of transaction4) set up an account with a servicer to collect the money from the borrower (not required, but highly recommended from note buyers)5) collect payments