North Carolina Vacation Rentals, BRRRR?

[Tom Ormand]

Hello all, I am looking into purchasing short term rentals in the Boone, NC area. I have a couple questions as far as short term vacation rentals are concerned. Does anyone use the BRRRR strategy when buying this type of property? If so, do you get a hard money loan and then refinance to a conventional loan after rehab and 6-9 months of rental? Can anyone recommend a private money lender for the area? There are a variety or ways to market and rent the properties. Several local real estate companies manage these types of properties and most of their properties have very low vacancy rates. They charge about 30% for their service. Or I could use vrbo or airbnb, which is cheaper, but I would have to self manage. I live in the Atlanta area so I would need a good team either way. Any recommendations? If there is anyone who currently owns short term rentals in the Boone area I would love to chat. Thanks in advance, Tom