It's investors who don't care who think any kind of criticism is trolling who give STRs a bad reputation--and they have a terrible reputation in many areas of the world.

Having a good relationship with any close neighbors is pretty critical in operating an STR successfully.

One critical element is understanding the human factor.

So the new/updated roadworks are becoming an ever critical focus for a city that may have outpaced development with growth.

Documentation and consistency is critical.

Some examples include: 1 The Economic Development Incentive Program: This grant program provides financial incentives to businesses that create new jobs, increase capital investment, and/or develop new facilities in the city. 2 The Downtown Improvement Grant: This grant program provides financial assistance to property owners and businesses in the Downtown Redevelopment Area for eligible capital improvements to their buildings or storefronts. 3 The Community Redevelopment Area Grant: This program provides funding to businesses and property owners within designated Community Redevelopment Areas to make eligible capital improvements to their properties. 4 The Beach Renourishment Grant: This grant program provides funding to help restore and maintain the city's beaches, which are a critical component of the local tourism economy.These grant programs can help businesses and property owners in Panama City Beach access the funding they need to invest in their properties, create jobs, and contribute to the local economy.

You had a non-critical problem, you got ahead of it, you chose when to make the repair instead of circumstances forcing you to make it at once.I self-manage a small portfolio of C-class long-term rentals in SFR and small multifamily in and around Pittsburgh, PA.

It is also critical that you know how to maintain the corporate formalities and to faithfully execute them.

Thank you.Jose M  A "mentor" is someone to whom you can ask questions, offer support (perhaps even free labor from time to time, if the task is critical to your business goals), and will help you make connections.

If it suddenly becomes critical along the way based on the niche that you end up in, you will absolutely know it.If you are interested in multi-family and haven't already done so, you may want to check out Ken McElroy's book, "The ABCs of Real Estate Investing" and his "Advanced Guide to Real Estate Investing"--these are often touted as the "bibles" for multi-family investing.And, of course, the BP podcast is always FULL of ideas and inspiration, if you haven't checked that out yet.Good luck on your journey!