I own a Property Management Company and frequent the Waynesboro meetup.

Wholesalers do the most transactions on a frequent basis and when you find a title company that understands assignments it's incredible because they value you.

For those who are new to real estate investing, here's a brief overview of the most frequently used business structures.Corporations: A corporation is a legal entity that is owned by shareholders.

But I think the coverage for STRs is a must, given the potential for liability with guests rotating through frequently. 

Our cleaners are flexible and it doesn’t happen too frequently…and when it does it’s usually guests staying an extra day (as opposed to arriving a day early).

They have done a lot of the work with me but so have I (I fly out frequently to check on things and I’m in contact with them and the contractor every day and making all the design decisions and handling the construction draws from the lender).

It also has a good point system where you can get free or discounted items on a frequent basis.

Definitely a worst case scenario, but I see people on the forums describing this type of scenario on a surprisingly frequent basis.

It's a catch 22, you have a cheaper entry but the repairs are usually more frequent than a newer property.

And because sellers frequently use these arrangements with buyers that have poor credit, the risk of a potential default should not be overlooked.All the best!