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Sharing my experiences not only inspires but also confirms beyond a doubt that I am the real thing, the financial guru.The best social media post is when we distribute cheques to our investors.

They get high ratings (meaning they are considered lower risk) because they are underwritten to stricter guidelines. 

You are going to pay a fairly high price to purchase, you are going to have fairly high rehab costs, and you will have a high interest rate on your mortgage.  

My best tenants pay on time, every time.  

With the current interest rate, getting 100% of your cash out is definitely a win in my opinion.

The best route is using licensed foundation companies and engineers to conduct work surveys to determine what needs to be done and then having that work done by licensed companies with warranties. 

Turn the place around, find a new tenant that pays market rate on time, and move on.

The best way to get started in my opinion is to just go do it!

What's your best piece of advice or tip when starting out managing a STR?