I've read a lot of posts in the forum here on the pros and cons of this strategy... what I would love is some insights from actual PadSplit hosts on the assumptions/operating expenses to take into account when evaluating a property.

Thanks for replyingDo you operate a STR?

I started my OOS HML  career in Detroit and that was 2002 and WOW coming from our area what an education I got.. my clients that were doing turnkey at the time and all the buyers were out of state ( basically LA based) the local on the ground operator was very good he had all sorts of tricks to try to keep the houses safe.. the one i really liked was painting the copper pipes grey so thieves would not steal them..

Once you become the homeowner, we transition into a property management role and handle the day-to-day operations of the rental.

From a lender's perspective, separating personal and business credit is critical for scaling operations while mitigating personal financial risks.

Working as a property manager gives you such valuable insight into the market, tenant relationships, and property operations—it’s a fantastic foundation to build on.What kind of investing are you thinking about starting with?

Imo it's still better than operating an OOS, STR, at 60 years old. 

Even if it's in Vegas or Flordia it's still out of state and will require a property manager for the day-day operations.

hmmmm, raising capital for operations vs each property?

I wouldn't be cash flowing paying a property manager, maintenance, etc. to be able to operate out of state though.