How are your properties performing and why?

(While not the end all, those that have skin in the game should have a good sense of the market performance).- What's a realistic cap rate for STR's in the area?

Past performance is no guarantee of future results.If you're looking to have funds available for a RE down payment in several years, you're far better off holding onto your savings in a "high" interest savings or money market account.

It is my understanding that portfolio lenders are typically more comfortable lending to investors inside an LLC.I know many other investors have bought properties in their own name to get favorable financing and then performed a quitclaim deed in order to transfer ownership to the LLC.

Hey @Laretta YoungBP boogs are great, ive bought like....5 of them , including long distance....Im also from out of state and I was looking for a place to invest, I did my reaseraches, found few great markets, but the problem is that everyone else invest in those markets....so I was looking for under-the-radar markets, markets that regarding raw data (unemployments, job growth, population growth....) are not right at the top.so I found Des Moines , Iowa, right now im in a middle of a flip there, but I have no reason to leave this area after that.I think that even though other places perform better, for an out of state investor, its more important to have a system, and people he can trust in that market (if you bought David Greene's long distance... through BP store, they also gave you an access to a pdf file he wrote called "the core 4")@Darson Grantham you forgot to put other important links :)this one,  hopefully it will be right again this time:https://www.cnbc.com/2019/02/01/these-7-recession-proof-cities-can-offer-security-in-an-economic-slump.html and this onehttps://realestate.usnews.com/real-estate/slideshows/best-places-to-live-in-the-us-for-families?

The engineer for advice would be the safe solution to simply trying to figure it out through YouTube, however, the engineer will provide an expensive solution for a foundation company to perform which brings you back to the price problem still.

I basically look at the competitors that are performing well to see what they’re doing right, find the average word count, recommend some keywords and phrases to incorporate, and then structure an outline for the writer to go off of.

Appraisals were done and underwriting performed via ShareStates two weeks ago. 

In terms of condition of units, damage, etc, you still get access to ALL units during Due diligence, and of course beyond the units, look at copies of leases, rent rolls, late payment history, you can even ask for copies of applications and background checks performed by seller. 

In a wholesale purchase agreement, I have two important clauses, "Assignability" and "Specific Performance" so no need for me to upload full contract, just keep those two terms in mind.