I’m under contract on my 1st property in CLE, the shaker heights area, which I’m very excited about BUT I’ve heard so many contractor horror stories.

Baara STR LLC is an LLC that runs over 60 properties just in Texas. 

Well, looks like the equity in our two properties alone creates an expected family contribution (EFC) higher than the annual cost of just about any school. 

I've been wanting to buy investments properties for a while now and I am pulled to the STR market but obviously have no experience here.

The last thing you want, @Shane Bishop, is to make an aggressive offer on a property—perhaps a 10-day non-contingent close—and then scramble to find the money, all while worrying about your EMD.Similarly, spending a lot of time preparing various financial statements, business plans, applications, and lists of every property ever owned could turn into a waste of time.

Try to take advantage of properties on the market for 90+ days, probates, divorces, etc.

Here’s Your Prep ListOnce you’ve found the property, reviewed the title, and selected a trusted notary, what’s next?

Your pm has to set up ACH deposits into per property accounts.

As for building, it can be a very good way to get into a deal for below market costs of existing inventory but it's all about the numbers, location, and your ability to get the property built well and efficiently. 

When we purchase properties single families or small multifamilies (4 units or less) for our portfolio we buy a homeowners warranty to cover all of the appliances, electrical, plumbing, roof.....