Fortunately the nature of investing in real estate from Gambia and from San Francisco are not too terribly different in a few key ways:  here are a fewWill you invest in your market or another market?

Fortunately they usually end up only owning 1 or two buildings at most.

I started to attend different meetings and 3 day workshops until I found Than Merrill’s Fortune Builders and I fell in love with the people there and ended up actually borrowing money in order to join their (most affordable) program because I saw a real opportunity to grow and it gave me access to their Realeflow office system.

With all due respect if someone is fortunate enough to live only 1.5 hrs from the Mecca - the Holy Grail of STR that is the Smoky Mtns (TN or NC side) - then I wouldn’t pass up that opportunity.

And sometimes, you do tell people like it is -- they should step away from landlording and property management, and perhaps try to make their fortune in mutual funds or non-real-estate businesses.2.

Fortunately the Mortgagee was ok if the Policy was in both the LLC and the mortgage holders name.

But, he said, earlier in the cycle, something starts to get a lot of users, but "the market" (of advertisers) isn't fully aware of that yet, so you've got a sweet spot in time where the "new thing" has the userbase (good for you), but not the demand allowing them to charge a premium for the advertising (also good for you)... you gotta figure big corporate "Fortune 500" entities can't decide on a dime, they take a year or more to "change" where they are spending their ad dollars, after an army of underlings prepares 900 pages of reports (or whatever) and it's slowly debated by people in suits, that sort of thing. 

Fortunately my wife and I have done only cosmetic work on our properties and have never needed a contractor.

Fortunately, the unit won't be ready for two weeks, in the interim she was so annoying making numerous request, not so diplomatically, that even though we had a signed lease, let her out of it, returned her deposit.

You need an experienced partner-operator and fortunately for me, I found a partner with $1.5 BILLION worth of hotels.Another challenge is finding good deals.