Hi Keaton,I had one on a personal residence and liked it a lot.

Not many syndicators are willing to take a personal loss if the deal goes south.3) Deal Selection and Underwriting.

Start looking for a contractor or handy person to get begin asap to limit downtime.There is a lot to unpack when setting up your first STR.

House hacking will also give you some personal "property management" experience.

Always been rare we foreclose as most file but lately it seems like they are really waiting till the last second  there are a few reasons this happens or things that have happened to me personally when I was quite active in courthouse steps.1. late BK  sale is at 10am and BK filed at 9am that morning or 4pm the night before.

Besides, they often see it from their personal angle, because they satisfy material participation as sponsors.

I personally would avoid adding 36k minus a 30k just to avoid scrutiny by the IRS.

I know people are doing it and some successfully but I don't know if the conditions here make sense for me to invest personally... yet.

@Rory SweeneyI personally use Buildium in partnership with my CPA and book keeper!

I, too, aim to be as accommodating to residents as possible.However...For my own liability protection and personal sanity, I'll only schedule our group viewings for when the resident can be physically present.For one thing, I'm a digital nomad (currently living in Colombia), so I'm likely never going to be conducting their viewing myself.But mostly, I don't want a resident claiming that some priceless heirloom went missing or got damaged after holding a showing in their absence.We'll pick a convenient time, typically 1 hour on a Saturday afternoon, and set appointments for up to 6 pre-screened buyers to take a look.