Quote from @Jenny Elomaa: Good morning,We're starting our investing journey and would like to have a "deal analyzer" sheet/tool on hand.

The reality of real estate investing is that you only need two tools.  1- a Blue Pen2- a Note Pad.  

I've built a tool for myself that I use for my own applicants where they can only retrieve data from their bank, HR system, govt sources for background check, etc.

Hi All, Do you use any type of research tools to identify the cities or neighborhoods for long distance investing?

What tools are people currently using that work well?

Hey Jihea, there's already a few tools on the market place that do this. 

So essentially this is a low-risk learning opportunity for me. 

These subtle signals can provide valuable information that may not be evident from the numbers alone.As I've experienced, you’re like a detective, gathering data that's not exposed by the numbers.Documenting the property tour with photos and videos is essential for detailed analysis.

Quote from @Christian Welch: This is something I always stress and make very clear:STR investing is not just buying a property and listing it on a platform for rent.A short-term rental is essentially a hospitality asset.It’s not a hotel or a motel, but it absolutely falls under the same scope — operating a business that provides both a service and an experience to the client.Like most hospitality assets, the majority of your costs come from:• Turnover and cleaning/ Preparing the unit for the next guests                                                                                                                                           • Restocking paper towels, toilet paper, soaps, towels, linens/ Stocking up all these supplies upfront• Ongoing wear on mechanical systems — HVAC, plumbing, appliances, water heaters, etc.This is why many STR owners choose to hire specialized STR property managers — firms that already have the systems, staff, and client base to book properties months in advance.

Do I need a broker or can I use BP Tools to address the background check and lease?