Recently someone told me about Preston Seo and how successful he has been using STR arbitrage, but I don't know much about him.

., if they're the selling agent or own the construction company, etc.)If all estimates go to plan, then the 55% net profit should provide an 18% annualized ROI for the $1M, but likely lower.

I do drive past my properties (granted, I intentionally have always bought within a 10 minute drive of my house) and after bad experiences with 4 different management companies over my 14 years owning rentals, I self manage and self lease.  

Homeowners are leaving companies like that in droves and you may be just as successful on your own.

At the 6th month mark you can elect to do a "rate & term" refinance if the LTV is 85% or less.You can use the same title company "Master policy" to save a good chunk of change on the refinance and ask for an AVM to avoid an appraisal (if no cash out).

I am a single family investor looking to make a first multifamily investment in a friend's company where he is the lead GP.

:-)I invest with a private company in FL. 

Whether it's an electrician, or yard person, title company, Property Manager, etc. usually getting a referral from another investor in that market helps limit our risk to "unknown" people. 

I am looking specifically for someone who is excellent at carefully monitoring and toggling pricing with the goal of keeping the Unit as occupied as is possible.I do have access to a few excellent cleaning crews and so I can take that on, but am also open to full service companies who have cleaning in house.I will also consider "small footprint" operations with good references and proven expertise.Thank you,John

I've launched an STR management company locally also if that interests you at all.