To look at it from the other side, as a private money lender in my local market I need someone to find me the deals.

I'm a local broker and investor and manage 100+ investment properties.

It was just an offer (costs extra) through a local lender I used!

A key part of our team is our talented interior designer, who helps us add that extra flair to every property we touch.We’re eager to connect with local investors, agents, lenders, contractors, and anyone else who shares our passion for real estate.

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

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

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.

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.

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.