Add to this its very seasonal, most places struggle to get any occupancy during the winter.If you want to discuss the Virginia Beach Norfolk area shoot me a message, there some opportunities here.

Hello Cory, thank you for your input, I appreciate this from a seasoned investor and one who has boots on the ground.

Seasonal. 

Please provide useful advice on locating, assessing, and negotiating private money lending deals, especially from seasoned professionals.

Interesting, I was reading the Key Data report on Next Season's US Rental Trends and noticed they include owner nights and hold nights in their calculation.  

As a newcomer, I’m eager to learn and would love to hear from the seasoned experts in this community.If you were starting over today, how would you approach getting into commercial real estate in Minneapolis?

.• What is the property seasoning?

Most mortgage companies require a mortgage to "season" for one year before they'll sign a partial release of mortgage.

Does that seasoning period apply if I cash out refi into a DSCR loan?

There is also a much larger inventory of rentals for a prospective resident to look at, a few years back we were in the 3ks for vacants and this year bumping up near 5k during the peak season (in my opinion probably due to the low entry price point for investors compared to the rest of the country as well as low interest rates on loans for folks moving out of their homes).