@Mohsin Mazhar why didn't your rental insurance cover the hotel expense?

We didn't expect the fact that insurance should cover short term rentals but raises a red flag for lending during the 30-60 day period after closing where they make sure you're not using the home as a rental.

So, little to lose by threatening a lawsuit as this might get their insurance to make an offer to make it go away.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

LTRs typically offer more stability and consistent income, while STRs can yield higher returns but require more management.

Some investors will say that's too much risk for not enough return, especially with many note funds still offering that 9-11% rate.Therefore, I think Ian is certainly right to consider a fund depending on your objectives. 

Market Selection Criteria: To choose the right market, consider factors such as:Economic Growth: Look for markets with strong job growth, a diverse economy, and increasing population.Rental Demand: Identify areas with high demand for rentals, which can be indicated by low vacancy rates and high rent-to-price ratios.Affordability: Ensure the market offers properties within your budget that also meet your cash flow and appreciation goals.Property Management Quality: Verify that there are reliable property management companies in the area to handle day-to-day operations, especially if you are investing from a distance.Comparative Market Analysis: Perform a comparative market analysis to compare potential markets.

I'm delighted to offer a copy of what we've developed over the years.

I have been exploring turnkey properties offered by MidSouthHomeBuyers in Memphis.

First, never send a lender money unless it's to be paid for appraisal or admin charges and if you looking for a good lender I could refer you to our hedge fund which offers you a hard money loan with no experience and only must be a homeowner.