Starting with the Right PropertyGiven that this is your first STR and you’re planning to manage remotely, I’d suggest focusing on a market with a strong local infrastructure for short-term rentals—like Panama City Beach or Destin.

Running numbers, networking, and talking to local investors will boost your confidence when it’s time to pull the trigger.

Make sure you check the local ordinances / zoning and talk to the local administrator to see if you can do what you are planning.

Someone local who has familiarity with this would be your best person to give you the information you requested.

Their decision to expand into Ohio is not just a strategic move for the company but a significant boon for the local economy.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

Never lend far from home.If you don’t have enough money to lend locally in first position, you don’t have enough money to lend.

That's a lot more to chew on than most non-locals want to deal with, but for those of us here, there are good opportunities to be had.

Hey Jon would recommend checking out FB groups if you aren't local (looks like you're based in the Bay).

It was off market, I paid a local bird dog $20k for helping to get it to the close and even including that $20k at market rate it met the 1% rule.Today my underwriting would not have a 1% ratio with 80% LTV as positive cash flow in class C.