Analyze deals efficiently, consider financing options, and build your network.

We've got a tent site without RV hookups listed for $25-30/nightWe haven't gone into event venues, but mainly because there's a quite popular one a few hundred yards away down a dirt road.  

For the deal I have lined up, I'm going through an informal broker deal, but I'll definitely take into consideration these things when analyzing that deal as well. 

McKinney, with its stable rental market, is popular for long-term rentals.

Then, pick a couple of target areas and start analyzing deals—even if you don’t have the capital yet.

In 2021, after completing the BiggerPockets STR course and analyzing market data, we transitioned the property to a fully furnished premium short-term rental after the tenant moved out.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

Since you admit you know very little, why don't you analyze what's gone wrong with this PMC and interview new ones to address your concerns?

Once HGTV picked them up, "Fixer Upper" quickly became the channels #1 show and eventually became the fifth most popular show in all of television, worldwide.

To start, set investment goals, analyze properties, focus on emerging neighborhoods and budget wisely.