As a rookie investor I bought my first STR 6 months into investing (I had an LTR too) but my STR under my management was way less of a headache and better run than the LTR being managed.

The truth is, you could read 100 books and still not know enough because certain things need to be learned through trial-and-error.

We do have our account reconciliations audited by a 3rd party quarterly, which helps catch errors before they impact our clients.Highly recommend any owner dealing with a PMC discuss with their PMC and their tax professional, or an expert like @Sean O'Keefe, about how to improve processes and communications to make this process smoother:)

Hello Y'all, I've been learning about real estate on and off since 2021. But like most people, haven't done much about it yet. I find myself always going into analysis paralysis, wanting to learn about everything befo...

65% of your success is the list, not the letter.I totally disagree with Jonathan about saying you will not lowball.You will, and then you look stupid.Unless you are a realtor and can offer listing solutions, I would say you will NOT pay full retail so you don't get all the calls of worthless leads that want full retail.The only reason to do this is if you are a rookie and want practice talking to people.Easier and cheaper practice is to go to craigslist or facebook marketplace and call landlords that are renting and ask them to buy.Your letter is fine, if you find a motivated seller, they will call.

It generally covers issues like forgery, undisclosed heirs, and errors in public records.Lender Acceptance: Many lenders typically accept CLTA policies because they provide coverage for common title issues.

I'm a rookie investor looking to invest in Birmingham from out of state also. 

You could read 100 books and still not know enough because certain things must be learned through trial and error.

I know all the programs only work if the student puts in the work.For reference, I've bought a couple SFH and small MF properties, so I'm not a complete rookie! 

I'm still a total rookie at this so I'll have to check them out.