It's very fun to see this dynamic.

Taking stock of my current situation, I don't have a ton of capital, just enough to put skin in the game, so I'll have to find other ways to contribute. 

They are going to understand the dynamics of your exact market better than anybody else out there.And I'm not talking some fancy formal mentorship here either. 

Seriously, your time should be spent continuing to develop the robot master race that will eventually put us all out of commission (I'm looking at you Boston Dynamics) and continuing to help those who are ready.I'm transitioning from an active agent to putting my focus on REI.

There isn't enough space or time in the world to highlight everything, so I'll cover the most essential things that helped me bring in $20,000 in just one quarter:Automation: There are a variety of different companies offering software that assists with Automating the business, such as: - Wheelhouse (ie. the Dynamic Pricing Provider, which automatically fluctuates the Nightly Rate of your unit based on things like Seasonality, Demand, Competition, Etc) Price: 1% of Monthly Revenue OR $20/Listing per Month (decreases with more units)-  Hospitable (ie.

Lenders want the buyer to have skin in the game to secure their position.

Note that I do not put a lot of time into due diligence until the "contract to hold" meeting, when they put some skin in the game.At the "contract to hold" meeting, I collect an amount equal to one month's rent.

Most private lenders, in addition to all traditional lenders, will require you to have skin in the game. 

They have more skin in the game then you do.Make sure you get clear title.

The challenge is: learning how to plug in data and assumptions into excel is one thing, and can be easily taught.The more dynamic part of underwriting is the actual assumptions you use.