Remember to back it out as a business expense too which should make the real rate a point or two lower depending on your tax bracket.2) For securing loans, I incorporate the value stated on balance sheets within my personal financial statements.

Hi Keaton,I had one on a personal residence and liked it a lot.

Not many syndicators are willing to take a personal loss if the deal goes south.3) Deal Selection and Underwriting.

Start looking for a contractor or handy person to get begin asap to limit downtime.There is a lot to unpack when setting up your first STR.

House hacking will also give you some personal "property management" experience.

In summary the person who said quitclaim deeds are worthless does not have a clue.

Always been rare we foreclose as most file but lately it seems like they are really waiting till the last second  there are a few reasons this happens or things that have happened to me personally when I was quite active in courthouse steps.1. late BK  sale is at 10am and BK filed at 9am that morning or 4pm the night before.

@Rory SweeneyI personally use Buildium in partnership with my CPA and book keeper!

Besides, they often see it from their personal angle, because they satisfy material participation as sponsors.

I know people are doing it and some successfully but I don't know if the conditions here make sense for me to invest personally... yet.