If the rental market is not favorable, you’ll likely see less investor activity and therefore less potential buyersAvailability of Data and ResourcesAccess to market data and networking resources can be a huge benefitConsider things like; access to county/court data, is it a non disclosure state, etcCommunity and Economic Trends Understanding local trends/issues can provide crucial insight into your target marketYou can operate virtually, but it’s still important to develop expertise in your target market*** Good market selection is not a guarantee of success.

Individuals and companies are representing different possible risks for banks to loan money too.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

After 2 years sell to use the sec121 exclusion for capital gains (doesn't help with depreciation unrecapture).Yes, DST and syndications have a long running thread right now about their risks. 

The reality is that there is risk in syndications and you are taking on millions of dollars of investor capital. 

And all this lends a lot of potentials for risks in crossing that line being drawn.

My comments on the subject have to do with the validity and risks involved with loaning wholesalers EMD. 

Thanks  Pros:-Lower monthly payment = higher cash flows-Save more equity than paying down principal, can be utilized in other projects and to scale-Generally better for tax purposes (no tax benefit to paying down principal)Cons:-Higher rate-Higher risk (deleveraging over time give you more LTV cushion generally)-Less cash out / harder to refi in the future (UPB will be higher)

. - Downtown location, near restaurants and a 3 min walk to train station- Only 2 off street parking spots, street is permit parking only but there is free parking down the street- Units have just been completely renovated- The city does not have any ordinances against short term rentalsThe biggest hurdles for me are: we're about to go into a slump/down season; potential parking issues; and if one of the other units were rented long term - dealing with the hassles related to that.

I always make it a point to emphasize to our new potential owners that they will earn more having us manage their MTR than if they self managed as a LTR.