The less of your own money you put into a deal, the easier it is to overlook red flags. Rahib Diwan learned that firsthand. He started a short-term rental management company in Nashville from scratch, growing it to $10m in assets under management while earning his MBA at Kellogg. He then acquired a competitor three times his size, quadrupling the business overnight. The acquisition was financed with 80% SBA debt and 20% seller financing, meaning Rahib contributed no equity of his own. That made him less careful than he should have been. The business wasn't quite what it appeared to be, and he's spent more than a year rebuilding it. We get into what that process took, along with Rahib's approach to growth. He's not chasing size for its own sake. He has a specific target in mind and is already most of the way there. Here is Rahib Diwan, owner of WanderLuxe Hospitality. 00:00 - Introduction to Rahib Diwan 04:14 - Business model explained 07:42 - Nashville market selection thesis 10:57 - Deciding to pursue an acquisition to aggressively grow 13:42 - Sourcing the deal 26:53 - Deal mechanics: SBA expansion financing 33:24 - Transition strategy: positioning as a third partner to preserve owner relationships during acquisition 40:36 - Post-acquisition challenges 01:02:50 - Advice for STR acquisition entrepreneurs