@Jacob HripWhen paying with cash, you have fewer closing costs (no lender fees) and fewer holding costs (no interest payments).

So for her, the fees of 3% at closing and 1.5% per year is a steal vs paying $400,000.

Wild how many fees PM's tack on to extract value from tenants ontop of rent.

A few things to think about-what are all of your monthly costs and look at the rent including vacancy and management fees. 

Quote from @Jamie Banks: Here's a few things I include in my MTR lease- Utility caps- Outline of the furniture that is included- Details regarding which utilities are included- Outline who is responsible for lawn care / snow removal- List of fees (admin fee, cleaning fee, etc) Hi Jamie! 

I hope to use private capital to fund the entry fees in second position.  

Do you have a setup fee?

And if stessa is the better of the two (because it includes accounting without an additional needed fee through REI Hub) then what is the point of rentredi? 

I have three listings, 1. unit with a pool and hot tub, 2. unit with a hot tub, 3. both units together as a 12 sleeper.Gross monthly income (after booking channel fees) for the first unit over a 7 month period was $7309.Gross monthly income for both units over a 14 month period is $11,297 (after booking channel fees) As a long term rental the combined rent would be in the region of $5500.Is it possible to sell the property based on the income generated by the STR business or would the value always be based on bricks and mortar comps? 

I ultimately invested $65 cash, $5k in legal fees, and $9.7k in operational expenses while owning the home, and walked away with $17.3k after a judgement.What made you interested in investing in this type of deal?