(Hard money) We have put our offer in, waiting to hear from the seller.

We finished our first STR outside of the USA a couple months.

We're going to start the mid-term rental route for our unit upstairs.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

It was our first house and me and my wife bought and new it was a great investment that would work with college rentals and younger families.

Our town has a small university, and we have been marketing it furnished to students.

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The issue with our loan would be that there is no collateral since our loan amount would be more than the land value itself if anything were to happen.

That also means that if you had to break contract because of it, you would be in breach, and would forfeit your earnest money.We, as an example, have letters from both our banker and one of our HML (that we use depending on deal size) that states that we do in fact have immediate access to "x" dollars.

The property manager doesn't come on site because they say its a liability.