People in Iowa aren’t going to pay that 

Not saying there aren't good ones out there... but I'd rather double down on what IS working. 

Its easy for a borrower to walk away from a difficult project if they don't have any cash tied up - this creates challenges for lenders who aren't always set up to take over the investment.I've seen plenty of 100% financing offers in FB groups but presume many of them are illegitimate.

And be careful with “drop and swap” or post-closing entity moves; even when they can be structured, the step-transaction risk is real if the facts aren’t right.Bottom line: yes, you can exchange a single house into a pooled institutional asset, but make sure you’re acquiring a qualifying real-property interest (TIC or DST), not a partnership interest.

I've seen guarantor fees paid out that aren't aligned with ownership interest but haven't seen a guarantor who holds 1%.

Every new investor does their analysis on paper and then wonders why those numbers aren't being met:(First off, don't blame the first PMC you fired - you hired them and didn't screen them well enough!

My old way was a mess, and it cost me.Inspections aren’t “busywork.”

Make sure you aren't quoting with general homeowners insurance as STR insurance can be significantly higher.

Us CPAs are handy if you want peace of mind, aren't sure about deductions (like repairs vs. improvements), want someone else to set the first year up correctly, etc.

I currently manage properties throughout Los Angeles County, and occasionally come across properties that aren’t ideal for long-term standard rentals.