- Common mistakes to avoid as an out-of-state investor?

.🧠 Questions for experienced investors:Is this a common model for new operators scaling from SFR to multifamily?

By then you will have enough knowledge to avoid the common pitfalls that rookies get into. 

There are a lot of pitfalls but the main issue is to make sure that you can pay debt + pref + split and have money to operate the campground.

Smart locks are becoming more common in rentals, especially short-term and multifamily units.Pros:No need to rekey between tenantsCan grant/revoke access remotely (great for maintenance or showings)Access logs for added securityTenants like the convenienceCons:Dependence on batteries or Wi-Fi—can fail if not maintainedSome tenants may be uncomfortable with perceived privacy concernsHigher upfront cost and potential for tech support issuesIf the system fails, physical access could be a problemFor long-term rentals, a keypad lock with manual override might be a better balance—still allows for code changes without rekeying, but avoids some of the tech pitfalls of smart locks tied to Wi-Fi or apps.Whatever you choose, just make sure there's a backup access method and clear communication with tenants about how it's managed.

After some research, I discovered the Tenant in Common (TIC) strategy.

What are the biggest legal pitfalls for new flippers?

The Tools I plan to Star With:

PropStream – to pull targeted leads (absentee, vacant, preforeclosure)

BatchSkipTracing – for accurate phone numbers, unless i use propstreams skip tracing??

CallRail – to...

Property must be rented 7 days or less. 2. you/you and your spouse must materially participate (three most common options are 500 hours; 100 hours and more than anyone else's time, and substantially all the activity). 3. you can't use it more than 14 days or 10% of fair rental days for personal use.

I am well aware of the class structure and pitfalls of renting to a weaker tenant base.