They will have to manage whatever you buy on a daily basis until you sell the property or terminate them.

You have to check in daily.

It happens like clockwork when someone moves out, so it has got to be someone who sees the property on a daily basis and knows when a vacancy occurs.  

My broker searches every morning, all the loan products that these Commercial Lenders come up with daily.

My team and I use this on a daily basis as it allows you to make comp sets based on comparable Airbnbs which will give you the most accurate rates on the demand and occupancy.

Study the market daily and build that team around you. 

Figure out what your minimum daily rate is based on the costs of running at 60% or your specific market's low season, including repairs, supplies, and periodic replacements, so you don't end up paying for folks' vacations!

What were some of the biggest lessons you've learned when buying your first MFH investment?

@Justin Melendez All of the data I am pulling is coming from AirDNA but that is mostly to run income projections and to ensure the daily rate is set correctly.

I’m 17 years old I turn 18 in 4 months and I have read 3 books about financial education and real estate investing, I listen to lots of podcasts and YES I READ RICH DAD POOR DAD, I also invested my hard working earned money into a real estate investment course so that I can at least use to keep gaining knowledge on daily basis .