The office administrator did the initial due diligence, the corporate counsel reviewed the lease, the accounts payable coordinator setup the accounts and sent the security deposit, one of the VPs signed the lease, and only after all of that occurred did I get the name and contact information of the tenant.- Now I am in their system as a Vendor/Subcontractor.

Hey @Mariangela Ciciarelli, Many of our clients invest casually in short-term rentals (STRs) near Disney in Orlando, and while there is potential, extra due diligence is crucial.

Just looking to build insights as Knoxville looks a terrific market to invest and want to do some due diligence.

Mistakes that I have seen made generally always come from a lack of due diligence and understanding.

We (me and my fiancé) absolutely agree with you on that, and when we did our due diligence to set expectations for the rent, we were comparing our property to exactly what you said.

My property manager was diligent with picking the right tenant, which I appreciated, but that comes with really narrowing down a pool of applicants that would have been okay in the short term.I am trying to decide what is best right now and getting them rented out would make sense, but my problem is the lack of funds I currently am facing to rehab them to get them back to rent-ready condition and the monthly mortgage really hindering my ability to save up for these rehab funds.

I’d love to assume a happy path scenario, but I know I need to do my due diligence and not just go off of one or two people’s feedback. 

I bought it sight unseen as I viewed it as a small development project, did my due diligence up front and didn’t really care about the state of the house.There were 5 offers on the property to which I ended up knowing a few of the other bidders.

I also asked about any plumbing issues, which I would get inspected during the due diligence phase, along with other major concerns.While I don't have much experience assessing houses and determining the extent of repairs, I’ve spent a lot of time in stores like Home Depot and Lowe’s.

If you buy it for investment, you should do the proper due diligence to understand the situation of that property, how much is rent for?