Im not an STR SME - I would check with Mike Savage and Dan Rivers - theyre the local experts on STRs.

We have no control of the condition of your property, if the value will appraise at where you feel it will appraise at, selecting specific appraisers, making sure the title to your property is free of any liens/judgements, what the title company will charge you, how much the AMC will charge you for an appraisal, what your property taxes will be, how much your insurance will cost you, and the list goes on.. 

For cash flow, I'd recommend checking out the Triad (Greensboro, Winston-Salem, High Point) or Fayetteville in NC and Sumter and Florence in SC. 

Feel free to PM me if you have any questions.

If you’re able to dive deep or work with someone who has boots-on-the-ground experience, the returns can be very rewarding.Good luck with your journey, and feel free to reach out if you’d like more insights or resources on Detroit!

The property I'm selling is free and clear and any property I purchase will be the same.

Feel free to inquire about their staff qualifications if it's a larger organization.2.

Had a quick question.I purchased the property for $500K about 10 years agoI'm selling the property for $575K with the Fire DamageI received an insurance check of $380K for the fire damage.After Paying off the Mortgage + Escrow + Realtor Fee's, I'll be left with about $150K.My question is will I get taxed on this $150K?

You can use it as a downpayment on a property over $450k and use leverage tax free.

Free your day up for training in RE and getting real reps with sellers from the leads you're getting and really hone your craft.