Give me a call if I can help with any questions about the financial side of STRs.

hypothetically speaking, If I saw a distressed property and I contacted the owner and he is willing to sell me the house for X amount. What is my next step (what contracts etc do I need) without involving realtors so ...

Very interesting...so two thought/question.. so do you establish a management company as an llc, or just a standalone sole proprietorship?

If the answer to the above question is yes, then I'd have $350k to use in the exchange.

Introduce yourself, inquire if they have any questions regarding their reservation or the property, gather information about their stay, and inform them of any pertinent details.

I called a few practices but it seems like they are asking more questions and i am teaching them about Wholesaling then actually getting helped.

@Robert Geibel That question is very subjective in a market with 10's of thousands of units.

My other question is can you please explain how to remove the building and depreciation reported under the individual tax return when transferring the property to be recorded under the partnership return?

Studies show that group training has only about a 5% success rate in buying properties, but people say they like the group atmosphere except they don't get their individual questions answered.Most "hands on”, “one on one” have the opposite, about a 90% success rate of buying properties.

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