A 3br/3ba luxury apartment near a major university.Rent was $2950/mo and it made me $1600/profit per month.With two units and within 2 years, I was making $4k/mo in profit from 2 airbnb’s I didn’t own and I only started with $10k.I replicated this process until I brought on a business partner and hired a full time operations manager and we scaled to a 17 property portfolio between rental arbitrage units, management deals and properties we bought.I did this strategy in my early 30’s and I’m 33 yrs old now.

It was easy to live with a fear mindset in times like these but I trusted the process and am excited to be entering the multifamily, MHP, and commercial world!

Let's collaborate to make this process smooth a nd enjoyable.

Does anyone have a process they go through to check demand for traveling medical professionals?

I'm not saying expect to leave 100k in but I think a lot of people are dishonest when it comes to how much they leave in, to make their process seem superior. 

"Unless the previous borrower requests a release of liability, the servicer must process the following exempt transactions without reviewing or approving the terms of the transfer:A transfer of the property (or, if the borrower is an inter vivos revocable trust, a transfer of a beneficial interest in the trust) to a limited liability company (LLC), provided that the mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, and the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence)."

For those of you just starting in your hosting journey/ or want to, what have been your biggest pain points (hurdles) in the process?

I have dealt with many AC companies in SA over the years and while some are good, I still haven't found one that makes me want to continue using them because they actually provide HONEST service that brings value to the process.

I would like to know what would be the process to obtain property insurance.

I am hopeful we can use our experience to save us some time and money through the rehab process.