@Jeffrey Bourque Are you planning to finance this with a local bank or credit union?

Check out Military to Millionaire on Instagram.

I was working with a local credit union who pulled out at the last minute.

Some credit unions will go to 85%-95%, but there are just a few that will do 100% loan to value! 

You can rent to primarily military.

I agree local banks and credit unions will be better if you're planning on growing your portfolio. 

If comps for a 3 unit property are in the 950k range, then that is what it will come in at.The revenue from the STR will have no bearing on the value of the property itself.People argue about it from time to time, but I spoke with 10 different lenders, banks, credit unions, private lenders, etc etc and they all said the same thing.

Best places to look for a HELOC are often the small community banks and credit unions close to the property.  

My son is in the military - and will be heading to Tucson AZ in a few months. 

Pensacola has a lot of potential, and I’ve seen investors do really well in the area with both long-term and short-term rentals.Since you’re just getting started, here are a few tips that might help:Know Your Market: Pensacola’s mix of military families, college students, and tourists means there’s a steady demand for rentals.