Short-term capital is extremely effective when the exit is clearly defined upfront.From a lender’s standpoint, the biggest safeguards I look for are:A realistic timeline (with buffer) for rehab, lease-up, or saleA clearly executable exit (refi, sale, or take-out lender already identified)Conservative leverage, especially on heavier value-add projectsBorrowers who understand holding costs and don’t rely on best-case scenariosWhere investors get into trouble isn’t the cost of short-term capital — it’s when delays stack up and there’s no margin or backup plan.Used properly, short-term funding is a tool to create speed and opportunity.

Thus far, you pay up front the wholesale fee of $15,000 for three properties.

HOA fees never go down and most states are struggling with rising insurance which you have no control over when owning a condo.  

Easy answer is 'do not do it, pay the 10% plus fees for manager'. 

High fee 8% / 10%, they are the most reliable companies in most cases, sometimes the leasing model is to hire local agents that gives a better marketing on your property to reduce vacancy rate, and when offering betted vendors they have the best prices.2.

Quote from @Stuart Udis: @Kris Stack A.

@Leo Liyour analysis uses several fallacies that are not true.A short term vacation rental does not need to have management fees when self managed.

I've been paying the probate fees no issue with a great probate attorney lol.

10% of revenue (includes the cleaning fee).  

So far two of them even tried to get me to pay a $5 per payment fee and it took a god damn CFPB complaint to get them to give me, in writing, a procedure to pay without the per payment fee.