One of the biggest mistakes investors make—new or seasoned—is thinking that losing deals comes from a lack of experience. The truth? More often than not, it’s about confidence.Confidence in real estate isn’t about luc...

It’s stressful, risky, and expensive even for an experienced, local investor.  

What's going on with the individual line item operating expenses? 

Going the hard money route is very expensive. 

Taxes will eat up a good amount as well and that doesn't count living expenses.

The 1 out of 10 I know who are successful investing OOS meet this criteria: 1.

Share stories about your successes AND challenges.

You asked about short-term rental property demand and mid-term rental property demand in other areas besides yours and thoughts on managing these properties.First off, short-term rentals are a great property class to own, especially if you "materially participate" with 500 ours in the management of your property for the IRS to consider it an active investment and able to write down your active or W-2 income with the expenses, bonus depreciation, and cost segregating the property for additional depreciation to reduce your income taxes.There is short-term rental demand in many communities in Michigan because we have so much coastline and natural beauty as well as university, business, and hospital stay demand.

I have a STR beach property that has been successful and looking for something more passive.

Okay, so you did one successfully.