Hi all — My wife Ashley and I are exploring purchasing a turnkey, already-operating short-term rental (Airbnb/VRBO) before year-end.Target budget: <=$300,000Preferred markets: Tyler, TX or Little Rock AreaMust-have criteria:• At least 12 months historic payout data (Airbnb/VRBO)• Furnishings included or negotiable (already in operation)• STR legal / permitted (HOA or city OK)• Good guest-review profile (4.7+), low guest-drama neighborhood (we’d stay there ourselves)• Timeline: Clean close, turnkey transition, quick start.We’re not just dreaming — we’re ready to move quickly if the right property shows up.

Quote from @Tyler Deveraux: Fiya,As you well know, I don’t usually respond to online drama.

The harsh reality: You don't just inherit property - you inherit the tax problems attached to it.

I had my fair share of bad hires, here is a list of things I have experienced:- did not show up for job, only shows up occasionally, way behind schedule- horrible quality, had to rip everything out again- left job a mess, did not clean up- constantly complaining about or asking for more money, extra charges- excuses, sob stories, personal drama- ghosting, especially after getting paid, poor communication

So far I've attended webinars for Grant Cardone, KRI Partners, Military to Millionaire, Active Duty Passive Income; just to name a few.According to the multi unit "seminars" I've been to, "buyins" begin at $50,000, there can always be a "call for cash", (another $50,000 to cover a shortfall) and ongoing drama.

People love repeating that line because it sounds inspiring, but in the real world it falls apart fast so...Let’s talk about both sides of this.The harsh reality nobody wants to hear is that flipping will expose every weakness you have i.e. financial, operational, emotional, all of it.

Also, there can be problems and drama with staff so you will either need to get your manager's license or you will need to have a good network to be able to get another manager quickly if your manager quits or if you need to fire the manager.

Sorry, if that sounds harsh, I don't mean to crush your dream.Here is what I would do instead.

He was the nicest guy, wanted to house hack a duplex, I wanted him to succeed (and a happy end to the drama for me) at the 3rd deal, I basically did a full blown inspection with him (yes, I have the skill set), before we wrote the offer.

For that reason, BTC will continue to yield up to the right but also correct more harshly than any other asset class.