Lexington is a weird market with low occupancy, 90-92%, and there aren't many assets in the market.

Just a heads-up: with the way the insurance market has been here over the past couple of years, this is accurate as of today, but things could look very different (for better or worse) in 6+ months.

As the market evolves we've intensified our commitment to helping investors focus only on listings that are eligible for vacation rental usages and either; have exceptional existing production or high potential for rental performance.

Attractive digital marketing fliers, 3d tours, professional tours, rent specials, and competitive pricing all help too!

If they are, I would pay them off first.I would invest in a different market(likely bigger market) where you can find reliable contractors or find a PM that will be able to manage the properties.

Are there better markets or hybrid approaches I should consider (e.g., smaller multifamily properties that accept Section 8 tenants)?

Our owners spent $0 in marketing.

Congrats on investing in Ohio, it's a great market to be in, you can still find the 1% rule and tons of amazing appreciation here!

@Placeholder Placeholder, I've financed quite a few STR's in the St Pete market.

The guru your son is learning this technique from is likely not telling your son that the deal will almost certainly encourage your son to get an "off-market" deal from a "wholesaler" who is unlikely to properly disclose the details of the property or encourage an inspection.