As a result, I would spend more time trying to understand who they are partnering with than anything else.  

My other SFR notes have interest rates determined by the borrower's cash, credit score and income - so market rates or higher.I understand the difference in performing vs non-performing notes and that performing can become non-performing pretty easily. 

Shenell, It's great to hear someone may actually understand what we're trying to accomplish.

There are many nuances in any one market that take time and knowledge to really understand.

I'll add that you must manage yourself for at least a year (all four seasons, etc.) to have a real understanding of what you want done and how much you would value what is offered by STR PM.

If a newbie doesn't know how to do basic due diligence on an investment, they also don't know how to do due diligence on a coach or how to evaluate a coaching contract to understand exactly what the student will receive for their money.

Check with the lender but my understanding is they will count that potential income as well.

@Sam Ojo The $900K of equity isn't relevant without understanding the value of the real estate.

Its comical how few people understand how luck in a particular economic cycle plays into their successes. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!