One vacant bay doesn’t kill the deal the way a single-tenant property does.If this is your first commercial deal, I’d generally favor something with existing income.That doesn’t mean walk away - it means don’t let creative financing distract you from asset risk.Feel free to reach out if you want to talk it through further.

Power exists.

Suffice it to say that while the Guesty team was able to migrate in my past reservations/contacts/listings, the new pricing model is anything but transparent and the migration on-boarding (which they didn't let you DIY or trial) went from my sweetheart deal of $179/year (I know, I was grandfathered) to $39/listing/month, with the only existing customer discount being an annual price lock in exchange for a modest ~30%(?)

What’s their average occupancy and review score on existing listings? 

Once you commit to a cost segregation study to the 7 unit property then you will no longer to cost seg again.

I’m going to start all future posts with what @Kevin Sobilo said…imagine there are 100 buyers for your place in a traditional sale. . 70 of them need to get financing in place or need an appraisal/inspection completed for their existing contingent financing.

True non-recourse is possible, but rare and restrictiveIf your goal is zero personal liability for all members, that exists only with:Lower leverage (typically 50–65% LTV)Strong DSCRClean operating historyUsually higher loan balancesThese executions are closer to small-balance commercial than standard DSCR.5.

SEO and PPC were options, but skip tracing in bulk didn’t yet exist.

The people who thrive in it are the ones who either genuinely enjoy the hands‑on work and control, or who are honest about their limits and smart enough to outsource when the stress and time commitment start to outweigh the savings.

My honest advice as a new investor is to use a professional property manager for leasing only services on this one and treat it like a crash course.There are a lot of pitfalls early on that most people don’t even know exist until they step in them.