Even successful and furnished properties often need a refresh and at least some additional reinvestment due to wear and tear. - Production: Typically STR production on the Oregon Coast is +/- 10% of valuation.

Thanks for the local input, this aligns with what we are seeing.

Anyways we are working with an attorney now.   

We are going to run it as another bed a breakfast - the same model as the other beach property.  

We are hoping to find something in the north or east bay with good potential.

There are far too many regulations, the transaction is a much longer process, and we are talking about someone's biggest purchase.

We are in FL and I know if we had a pool, it would a deal changer. 

My business is built around doing deals for out of state investors and my mind is BLOWN by how many flat out refuse to come visit, meet our staff or walk the property that they bought and we are rehabbing for them.

There is a 2 family we are in talks with acquiring for 200k.

First off, the deals we are using the LOC for are solid, profitable deals even in the worst of circumstances.