I don't even know how anyone is answering this question since it's highly dependent on your experience level, how much money you have (cash and access), what your financing vehicle is, where you have boots on the ground or contacts already made, and so much more.

I “requested” what have you for access to the Facebook group and another guy saying he was a mentor reached out to me via messenger.

Most HOA allows owners to have access to financials, and some states have laws for it as well.

But since there is a limit to how much money the bank has access to....their rate will be higher...and usually a shorter term.

1) Make sure they understand location, location, location2) They should have access to the bids and invoices from the contractors.

These are all units with exterior doors so there’s so shared hallway or anything like that, just a shared laundry room accessible from the exterior.

Most surface owners here make money through damage payments from the mineral owners, by leasing the property for cattle grazing, selling fresh water for oilfield operations (groundwater is tied to surface estate in TX), or building commercial facilities (man camp, RV parks, etc) depending on accessibility.

Quick takeaways to avoid this pain in the future:(A) Add strict language to your lease regarding unauthorized occupants, such as:6.

Read some studies (but consider who paid for them and their motivation :-) And cities like LA, Seattle, NY cannot blame the vacation rental market for their housing problems, those are the result of failed policies by years of leadership....Vacation rentals have many benefits over standard rentals that you might consider a) they open up areas to vacationers that would ordinarily not be accessible (not everyone wants to stay in a hotel district).b) they almost always improve the neighborhood they are located in - the house, inside and out, must always be in near-perfect condition in order for the landlord/host to stay in business.

You will likely need it for unpaid rent, cleaning and repairs, and possibly legal expenses of removing the additional, unauthorized occupants.