I have learned a great deal about property and asset management, underwriting, and the general operations involved with syndications.

I would be the principal investor responsible for the day to day operations (I would be hiring staff, including an Executive Director).

Pretty sure Washington state requires a property management company to operate with a brokers license... which reading between the lines these guys do not have.

This piece is a vital part of our cattle operation.

This piece is a vital part of our cattle operation.

Hi all,I'm trying to get started with BRRRR strategy out of state where I have a best friend who runs the property management side of a fairly large real estate operation.

You'd be limiting your independent contractor on their scope of work unless operating illegally.

Set up the repayment schedule for the longest term possible to keep operating costs low and then pay the loan back once the project is completed.

In addition to searching online, I"d encourage you to start networking extensively with the local investors, and professionals that operate in the field, such as property managers, attorneys, contractors and etc.

Not only is the city government making it harder for new STRs to get permitted, they're passing regulations and zoning laws that can/will eventually strip existing STRs of their ability to operate as STRs.