Far too often, investors pay for tax segregation studies without understanding the implications of depreciation recapture, purchase properties based on unverified assumptions shared by their realtor, accept the loan terms without proposing alternative loan structures that offer the lender equally safe collateral, form entities without understanding their purpose, secure the incorrect or unnecessary insurance, or spend unnecessarily on improvements and inefficient construction practices. 

I appreciate the practical, step-by-step approach. 

A practical approach is to weigh whether the extra $200/month cash flow and appreciation potential outweigh the added workload and risk, and make sure the numbers still work if unexpected expenses come up.

Also, its common practice to require snow removal vendors to return periodically to re-salt or perform clearing services.

Some PMs require 30 days' notice, so it’s important to be clear on those terms.Collect Key Docs Before Termination – Try to gather all necessary items before giving notice:Lease agreement(s)Tenant contact infoRent roll/ledgerMaintenance recordsMove-in photos or reportsSecurity deposit accountingVet and Onboard New PM Carefully – Once you identify your new property manager, ask detailed questions about their communication practices, reporting, and how they handle onboarding from other PMs.

In the meantime, practice underwriting deals daily — know your rents, taxes, and real expenses so you can spot true cash flow.Network with local banks, agents, and investors; a lot of deals here trade off-market once people trust you’re serious.

.✅ Maintain a clean SEC filing trail (Form D for the U.S. feeders and master, and disclosure alignment).It’s a sophisticated structure — but one that opens the door for U.S. sponsors to access global capital while staying compliant and efficient.If anyone here has looked into accepting foreign investors or has questions about how the master-feeder model works in practice, I’m happy to discuss what I’ve seen work well.

To make the math work, many of us are leaning into lean management practices, modular or prefab components, and strategic site selection.

Asking AI to produce a contract for is not a good practice.

I am looking for some best practices regarding the lease.Do most STR require 30% down and final payment before the stay?