Personally, I need to do more homework myself on the local STR part to see if numbers make sense.  

I don't make much money this way, but that's the way I want it, because my performance bar is very high. 

I looked for months, and looked at SFH, apts, houses on leased land, mobiles homes and everything that was cheap because I had so little money and had just started a new entry level job 9 months earlier. 

I purchased a Lifesmart LS350DX 5 person 28 jet hot tub with an ozonator.

If your focus is on speed, (e.g. because the seller dosn´t want to wait or give a financing contingency) you might consider a hard/private money loan, since they usually can close way faster than a conventional bank loan.

I have been seeing a lot more extensions from hard money lenders.. 

If he has a business entity in the United States, his deal should qualify for private money loans. 

Most conventional investment property loans, which offer lower interest rates and 30-year amortization, require the property to be in your personal name.As a result, many investors initially secure the loan in their personal name and then transfer the property into an LLC.

It really all depends on the situation.I personally do not like so many GL codes in COA.If I am working on a client who has 250+ GL codes and another client with 50 GL Codes, the cost will be very different.A lot of the times it is overkill with those GL Codes.

I would personally not do that, since I do not like my tenants to have "surprise" bills.