Response to Ben:When we first began with our initial investment in Seattle there were no limitations on the number of STR units an individual owner could possess. 

You will have a higher income and more equity, with less debt.   50-60 is ideal imo.   

Lending practices were drastically tightened after '08 which has subsequently lead to better underwriting and better debt securities.

Does it make sense to take on $800,000 in debt just to earn $4,000 a year? 

There early in there long term debt cycles and a young country.   

Once you have what hits your goals towards your vision you can work on a debt reduction plan.  

Self-directed IRA If you are self-employed with no full-time w-2 employees, you can set up a Solo 401k & rollover funds from a non-Roth IRA as a tax-free direct rollover and then invest in real estate.A Solo 401k has several advantages as compared to a Self-Directed IRA including the following which specifically apply to your situation: Unlike a Self-directed IRA, you can have the account for the Solo 401k at a bank or brokerage that does not charge maintenance fees and where you will have checkbook control.Unlike a Self-directed IRA, if you use leverage (which must be non-recourse financing in either case) to acquire real estate with your Solo 401k the income will not be subject to Unrelated Debt Finance Income taxGeneral Considerations Re Investing Retirement Funds in Real Estate:1.

We are working with a great team of partners on the General Partner (GP) side and we have a wonderful group of investors on the Limited Partner (LP) side.We worked with a great team to help make this deal go forward - from the debt broker, to the attorney, to the title company, to the property manager, to the insurance agent, to the lender, to the commercial real estate broker, and others!

Then instead of selling as a flip, I do a cash-out refi into long-term / low-interest debt (BRRRR).Nothing wrong with flipping, but when considering taxes, commissions, etc...

Anyone else concerned with the debt crisis?