We are new at this and since we are doing this with out a realtor or other partners we lack access to contracts, forms, procedures and legal paperwork needed for our first deal.We know that we want to purchase a property using either a hard money loan or a private lender, rehab it and list is as an airbnb in Providence, RI (where we currently live).

I feel like a lot of the struggles with renters and property managers stem from lack of good communication from the get-go.

The mother simply replied stating that her son tried to do the credit and background check  Comet through the company,  but it came back  unaccepted due to his  lack of credit history. 

@Geoffrey Jones looked at your project quickly, and the biggest concern I would have if I was doing or investing into this project is the lack of actual costs associated with the building and hold period of the project.

Like anything else, spend the time and/or money needed to gain a the knowledge you lack (especially the contract form) and you'll save yourself a lot of headaches down the line.

Potential cons: >Lack of certainty if your respective home/business stat will honor the legal structure of the Series LLC if they otherwise don't allow for it.

In any business if there is a breakdown of some type it is generally communication or lack thereof.  

My favorite quote so far this year was basically “why do people who lack the courage to invest during a booming economy think they’ll have the courage to invest during a recession?”

For me it's poor lighting, water damage, and cramped spaces (mainly kitchens), but I really lack experience.I think the plan currently is to continue investing in low fee ETF's and to wait until the housing market in Canada (which is typically ridiculous) to drop before we commit.Any other advice, or links to previous threads with similar topics, will be very much appreciated.Thanks!!

But ideally we'd like both of our work commutes to be as short as possible because of our lack of experience - and competence driving in the snow.In our brief scouting of the area she has inevitably taken a liking to trendier areas like Lakewood, Tremont and Ohio City.