For STRs, properties near the beach or downtown tend to perform well.Start Small and Smart: If this is your first property, focus on something manageable.

From a tax standpoint, there are additional disclosures to make when selling a business asset for less than fair market value to a related third party. 

It is a lot of work to build property (more than fix and flip) so prepare to be busy.  

I love learning ideas to make my business better from other local investors.

Dump the thing and either hang on to the cash while you find a performing asset or 1031 into something that does perform.

I've helped people with SBA loans to purchase real estate for a business, but for buying rental real estate, the DSCR loan is a much better option.

>How well do log cabins in the area tend to perform in terms of bookings?

And real lenders don’t troll for business by texting.

I would love to hear from others doing flix and flip in NYC on their experience on doing this business.

Over the years, I’ve learned that offering tiered returns can be a win-win strategy—it rewards investors for their level of commitment while helping us maintain flexibility in our business.