Of course this is an outsiders view from a guy that’s been watching the market casually since 2010, but never bought.

Future lesson: unless you're 100% certain the unit will be vacant, don't rent it out before then OR be sure there's no recourse for your future tenants if you have to cancel the lease because you can't perform.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Then, perform extensive deep dives into each area—remotely, of course!

How has that performed for you?

How are your properties performing and why?

(While not the end all, those that have skin in the game should have a good sense of the market performance).- What's a realistic cap rate for STR's in the area?

Past performance is no guarantee of future results.If you're looking to have funds available for a RE down payment in several years, you're far better off holding onto your savings in a "high" interest savings or money market account.

It is my understanding that portfolio lenders are typically more comfortable lending to investors inside an LLC.I know many other investors have bought properties in their own name to get favorable financing and then performed a quitclaim deed in order to transfer ownership to the LLC.

Hey @Laretta YoungBP boogs are great, ive bought like....5 of them , including long distance....Im also from out of state and I was looking for a place to invest, I did my reaseraches, found few great markets, but the problem is that everyone else invest in those markets....so I was looking for under-the-radar markets, markets that regarding raw data (unemployments, job growth, population growth....) are not right at the top.so I found Des Moines , Iowa, right now im in a middle of a flip there, but I have no reason to leave this area after that.I think that even though other places perform better, for an out of state investor, its more important to have a system, and people he can trust in that market (if you bought David Greene's long distance... through BP store, they also gave you an access to a pdf file he wrote called "the core 4")@Darson Grantham you forgot to put other important links :)this one,  hopefully it will be right again this time:https://www.cnbc.com/2019/02/01/these-7-recession-proof-cities-can-offer-security-in-an-economic-slump.html and this onehttps://realestate.usnews.com/real-estate/slideshows/best-places-to-live-in-the-us-for-families?