Basically as I read it, The Dept Of Treasury is your capital partner.

Get a money partner, borrow from a private money lender (SDI owners, 401ks, CD's, cash, etc) or get under contract and flip contract.

Just locked up a property with a partner.

:mrgreen:

http://news.yahoo.com/s/ap/20090327/ap_en_ce/spelling_mansion_for_sale

Find partners, and get started at some point.

Partner up with someone that has the money, find owner financing, do a lease option and find a buyer.

I have been talking with a possible partner and we were talking about the idea of owning a duplex and living in one unit while we rent out the other.

Based on Jon's analysis: The ROI is way to low expecially when you consider your primary is at risk with an HELOC.You might consider bringing on a partner that has the cash or has a 401K.

The most important thing is good communication with the guests - they will be more understanding, and also you may have to issue some partial refunds for guests that are unhappy.Not sure if this will be helpful and I can't vouch for this at all, but I think highly of the content on getpaidforyourpad.com, and the host has partnered with a few other people on https://innhance.com/ for managing STR.

The other option I’d recommend is seeing if you can partner with someone in your area on a local place.