What are your biggest challenges in having Short Term or Vacation Rentals? 

The challenge is to always be replacing a new flip with one that gets sold. 

Each business opportunity/ decision the Partnership/ L.L.C. could engage in must be voted on and passed by a majority vote (unless it is something that would require a unanimous agreement).

The changes are all designed to protect the consumer, the buyer and the seller in each real estate transaction.And while everyone generally agrees that consumer protection is crucial, some of the changes may prove to be challenging, both to real estate professionals and to the consumers they serve.Before getting into the specifics, here are two basic reasons the new RESPA requirements may become challenging: 1) the need for more specific consumer disclosures, and 2) the need for those disclosures to be presented to the consumer in final form 3 days prior to closing.Conceptually, specific disclosures, as well as strict timelines for completion by professionals and presentation to consumers, both sound like excellent ideas.

You will get incredible knowledge on how to research, identify, build your team and learn each area's specific challenges - for example cracked slabs in San Diego, Foundation issues in Texas, Termites in Atlanta, etc.As far as wholesaling, the quick answer is to pay a local wholesaler to bring you a cash buyer.  

Sometimes, I've found that having my legal counsel engage the senior lien holder, elicits a faster response.

Good property management involves good communication and engagement between the owner manager and tenant.  

Hi Leo, as far as the ground wire is concerned, just pull one of the non grounded receptacle plates off and loosen the receptacal enough to see behind it (Cut the breaker first unless you like to challenge the gods like me) and see if the wire going to the back of it has a bright copper bare wire.

You had a ton of teachers, all probably knew their subject matter well, but only 1 or 2 really "grabbed" you and engaged you.

I am new to REI and currently facing the same challenge but have reached out to other successful investors that I know for their guidance and support.