Going in debt to invest is gambling.

To clarify, the company that would be taking over for PM once the STR is established does not currently use any PM software but is open to it.  

These are the normal people in society.Those that decide to gamble savings do so with the understanding that they are risking it all by starting.

My guess is for smaller/less expensive units in a cities where they are well established in, it may make sense for some owners.

@Roger Poulin A way around this would be to establish a relationship.

If you go with an established contractor that has a good reputation, this should be low risk.

Hi, I am looking to establish an LLC for our Real Estate investments and am looking for a strong lawyer in this area.  

I thought local community banks where I have established relationships would be the best place to start but I’m wondering if that’s not the case?

The correct website address is: http://www.winningedgesoftware.com/default.aspThe first one listed above on 3/22 is a gambling site.

Buy brick instead of frame; always put at least 20% down when you buy; FSBO everything you buy and sell; get a GREAT real estate attorney and have established commercial banking relationships; try to take 15 yr. financing so it will pay down the mortgage fast and never, ever refi money out of your properties and start your mortgages over after you've held them a long time.