Personally I do not like providing appliances for tenants as the repairs and headaches start adding up.

I don't have enough knowledge to vet who's a good operator so I passed.

Let them build through hard work like teaming with reputable operator who may take a cut but own the project etc.Neal Bawa and associated companies are another bunch or lier’s who project rosy picture to sign up people but fial to deliver.Those two have made my experience with real estate very companies very negative.

I feel like it's a space where great operators can really clean up, since the bar is set really low, in my experience at least.

We travel for work (healthcare) and chronically live out of MTRs, so it will be our first time operating a shorter term, but won’t be an entirely foreign situation to us.

@Ryan Rubel There are certainly quite a few restrictions in those two areas, in Carlsbad you have to be within the coastal Zone...I have a multifamily in Carlsbad Village a block outside of the coastal zone so I'm unable to operate it as an STR unfortunately.

Even really skilled operators are left with no back up plan because they can't pivot to LTR in that market, can´t fetch the price they paid because the STR has lost some steam and was bought using nightly rate numbers etc.

I’d love to hear more about how you approach finding these under-$2M properties and what strategies you’re implementing for operations optimization.

@Patrick Pan, if I was operating in a state where that was a concern I would just contact their current landlord for a reference.

I operate out in Southern California.