This is very helpful.it’s definitely a learning process. how long have you been doing Airbnb from @Christina B.: Hi Jonathan.

I’m happy to guide you through the process, share some success stories, and help you avoid common rookie mistakes. 

I'm in the same process and have the same question.

This ensures that any payout for damage or liability can be processed more smoothly, and it can help protect your interests if something happens on the property. 

If he’s open to it, that could reduce the upfront capital you’d need while making the process a lot smoother.

I wanted to offer him about $50K over what is remaining on the mortgage and go through the 60-90 day process to assume the existing mortgage.

@Julie Doke: Industry specific software speaks to you and you can easily relate it to your day to day process.

Starting with a smaller property or a few fix-and-flip projects can help you build equity, gain credibility with lenders, and better understand the process before scaling up.Securing funding for larger projects can be challenging without prior experience, but options like hard money loans might be worth exploring.

All funds process through various channels but the PMS (with trust accounting which is very important) keep track of all the funds and then we disburse monthly to the owner. 

My suggestions would be in this order:(a) Determine the type of financing you qualify for - this will short cut the process considerably and save time on investment angles and next steps.