Purchase price: $68,000 Cash invested: $5,000 Sale price: $99,000 4 Unit quad in Medina NYRenters were tough and management company's locations are too far for a regular check up.Had a renter pass away and then DCS came in and the house was condemned due to farm animals in the upstairs unit where the person passed.We were too far to keep tabs on this investment so we sold the home.

My company is a sponsor at the GOREIA, so we are there every month and I also go to smaller ones in the area monthly. 

Note to self - always go with a larger company who will be around for the long haul.

I gave the tenants the option to either maintain the lawn themselves or to have my lawn company maintain it at an additional cost in their rent.

You can also run your STR in your personal name or elect to start a company that operates the STR i.e. branding.If you do not qualify or for some other reason do not want or cannot qualify for conventional financing, you will likely have to go to some sort of DSCR or other business purpose loan route, and they will actually require you to put it into an LLC.

Does your company also offer (off-market properties) - Thanks

I am newer to the BiggerPockets forums to not new to the company itself.

lol- Coming from a software background I have a huge thirst for knowledge and learning how things work inside and out.

This could get you 6-8 units if you shop patiently which is a great starting point.Please do not send any money off to companies that advertise real estate "syndications" online.

I own real estate outside of CA, both in the country and internationally but have chosen to rent in Hermosa Beach due to the high cost to buy a home in coastal southern California.The apartment complex I live in was bought April 1st by an private equity company who gave all the residents a 60 day notice to vacate so they could due a total rehab.