Quote from @Robert Ellis: Quote from @Damien Davis: Hello BP Community,I'm a rookie investor, only have one deal under my belt (Long term rental) and it's been treating me very well.

Before committing to a flip, ensure you have a clear exit strategy, whether it’s selling quickly or holding for a longer term.

After living in the property for a year, you can move out, keep the same loan terms, and convert your unit into a rental.

Anyone can do it just like anyone can flip a house or run a short-term rental.

Ultimately, you will need to have the borrowed funds in USD and ideally in your US business entity bank account to sail through underwriting with US lenders on US properties.Caveat: the rates will likely be something like 10-12% so it would not make sense on a long-term holding, more like on a down payment on a purchase and rehab value-add project that you will eventually sell (or cash-out refinance) to pay off the borrowed funds in a few months. 

For on the ground evaluations, I rely on local contacts: agents, contractors, or even property inspectors to provide walkthrough videos and detailed feedback.

I am looking into my STR options but from what I have learned this is a overflowing market in the area and the vacancy's are increasing so I may look into mid term and long term only.

While OZ investments offer significant tax benefits, assess property risks and long-term potential beyond the tax savings.This post does not create a CPA-Client relationship.

Hard money rates/terms so awful I don't see it as a viable option unless have some insane deal.

It'll be confusing in the short term, I think people assume it's inflationary.