Or if there is a 10 unit made up of two buildings, or two 'sides', I'll let an STR person take one side/building/chunk.In Montrose I have a 10 unit that's made up of a 6 and 4 unit building. 

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

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.

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.

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.

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

Hi Bubba, Transitioning to online-first marketing is crucial in today's digital age.

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