Zelle is a terrible way to collect money or pay out contractors as you scale, biggest reason being lack of receipts and reporting as it’s meant for personal transactions.

I was under the impression that a sub2 is the REI selling the house to a buyer, seller keeps note in their name but deeds title to REI, REI gets the down payment as revenue and the buyer gets to take over the payments as-is with the end result being the buyer completes the purchase (in the timeframe specified by the REI) and the transaction is complete.

Biggest Lessons Learned: 1. 

Right now, I'm trying to get the biggest bang for my buck (high CoC) with as much cash flow left over so I'm mostly looking at trying to put as little down while still generating solid cash flow.

One of the biggest issues is the lack of flexibility.

If you are in this niche, what is the biggest challenge you've faced?

The biggest reason we have not offered a fund, is the competitive nature of the market we are in doesn’t allow us to purchase a lot of assets, unless we are aggressive.

I measure equity, total rent revenue (and average rent per tenant) and annual acquisition in dollars.

Airdna can give you some high level Rates/Occupancy to start with for free but I would suggest really doing manual review of the booking sites to confirm or adjust your revenue inputs (which are ADR and Occupancy). 

I think the article is right on when it says, "the city’s biggest advantage is that it pairs affordability with growth".