Typically, holdover is simply another way of saying month to month.

Some providers simply sell the property and the investor is left to find a management company, maintenance personnel, snow and lawn care providers, etc.

Simply buying because a property meets that 1% ptr number on paper actually raises the risk that after maintenance and vacancy, an investor is no where near that number in performance.  

2) there will be a decent amount of money owed for the arrears on the loan to bring it current, to avoid foreclosure.ONe of the most important words when doing real estate transactions is simply   NEXT  !!

Simply put I went out and scouted the best STR operators at small and growing size, a focus on quality operations.

If you can find someone to do this it does help, but I can’t stress enough how much you learn simply by making mistakes over the first few months of self managing.

I have not invested in other states, simply because I keep finding deals locally every time I save up money.

@Nick Longstreet you can't just simply evict a tenant because you want to close on a property.

What may look like a great deal from afar might simply be a D-class neighborhood with higher cap rates that is, in fact, a bad deal. 

The majority of houses being sold (in this market) don't have enough value add or it's simply to expensive to being with.