The operating company takes on all of the liability that would otherwise blow back on you including: paying property management, paying contractors, collecting rent, marketing, etc.The fifth pillar is owning everything anonymously.

@May Emery it sounds like that FSS list is derived from credit data.

First of all I want to say that cash flow is not the leftovers after you collect rent and pay the mortgage.

Bank loans, bank accounts, brokerage accounts, IRAs, 401ks, car loans, insurance companies, cruise ships, credit cards, ez pass, doctors and hospitals, drivers licenses, colleges, high schools, not to forget gun shops, google, ATT, Verizon, Comcast, Amazon, airlines, CIA, IRS, FBI, TSA, Homeland security, Target and Home Depot data breaches, security clearances, car dealerships, title companies, accountant, employers, landlords, credit bureaus, payroll companies, golf and tennis clubs, business clubs, volunteers at schools/churches, Russians and Chinese, etc. it’s more of a question as to who doesn’t have it as I see it.

@Chad UrbshottSometimes it doesn’t take a savvy attorney but one who is similar to an ambulance chaser and the moment your servicer contacts or attempts to collect they have their attorney file FDCPA violations against you, then sue you in federal court and file a 60Page claim against everyone that ever owned the loan.

AirDNA and All the rooms are on-line data collection companies that also follow residential hospitality trends.Demand - Depends :)  I always like to talk about "Portfolio Diversification." 

All the Rooms and Airdna offer rate data and trends and for longer stays there are a number of different corporate housing reports.

Take notes as you go in one place so you can collect everything that you learn (from podcasts, reading, talking to people) as you go.

How do you collect and process payments or collections?

HomeStyle is for single family Investors only or if owner occupying then you can use it with a 20% down payment based on sum of purchase price plus rehab dollars.Often on student housing you collect rent by Semester, not by month since students don't work enough to make rent each month, be careful of that.