STRs require a lot more cash up front so you just want to make sure you have a good idea of what you're getting into first :) I own STRs and love it but I also wish I had learned a little more about the analysis and management prior to going live - I did some of that on the back end and could have been successful faster.Another idea is to talk with some owners 1:1 to see what advice they would have for someone starting out.

Rent growth also outpaced expense growth in many markets the previous few years so you could see it as a re-balancing. 

And lastly, no need to give away delta if the seller isn't asking for it :)I am working on getting them to seller carry a portion of the leftover balance.

For me, the case manager was able to 'warn' the recipients that they will end up losing their voucher if they are not planning to pay the unpaid balance in backup rent or if they get evicted.

100-person employee-owned company with a strong balance sheet. 

I understand that investing requires some level of risk, but I've heard horror stories, and I REALLY don't want to make any stupid mistakes that will send me to the poor house.Because I don't yet have any experience, I'm wondering if I should invest in some kind of training program?

The other 5% are people who "graduate" to needing a CPA/EA/Experienced tax preparer due to other specialized knowledge required.

Both meet the income requirement of 3x rent on their own and have excellent credit repayment histories.

Please let me know what areas you like to invest and your ideal requirements.

Hi guys, It's my first STR, located in Beaufort, SC and they require a Rental Agreement for the guests.