Like mentioned it's also beneficial to keep up to date with what's happening in the area your STR is located, and make sure the decision makers are aware of hosts and what they bring to the community.

As you've mentioned, great schools, area in general is nice and it's centrally located.

We are General Contractors and part of why my cost for the conversion is so low is because we have the resources to pay at cost and the property is located in a county with lower labor costs than other parts of California.

I bought the main house as a fixer upper and forced a modest amount of equity prior to the construction of the ADU, I did not incur a negative equity position.

If you plan to attend college that location might be a great place to start.

If entities are disregarded, you can keep up with more than 1 in a single QBO account using the location/business feature to keep track of them separately.

Sounds like a good plan, should have plenty of options available.I would be cognizant of any group you talk with on two areas, the location of the property including any potential concerns of it being 'rural', as well as the minimum purchase price and/or minimum loan amounts.

@Jeffery JonesYou should reply with what market you are located in or the one you are looking to invest in so people from that specific market can give your their thoughts and point you in the right direction.

There are a few banks in HK that are also located here in the states.

Many appraisal in several locations have been coming in low, which can either kill the deal altogether or make the borrower come in with more funds to close.