I think the sweet spot for new STRs is finding mid-size national attractions that bring in a lot of tourists but haven't been priced out too much at the moment like some of the most famous national ones. 

What value are you bringing to the table? 

I valued it by looking at comps for similar sized properties sold in the last 3 years, and the assessor's website.

Not only about raising capital, but typical size of deals, financing, structures and so much more.

I've heard from several people who thought they had an owner finance agreement signed at the kitchen table, assumed they were paying down equity only to have the house sold right out from under them.Ben,  How common is this that a seller is willing to give up their deed upfront in exchange for seller financing.  

I was planning on using it as a typical long term rental but it's size and location would give me other options if needed. 

Between wholesaling and subject 2 you will see the size of those communities basically go back to the norm.Hey atleast the gurus made a ton of money

Why are you better than other sponsors or GP's and what advantage do you bring to the table?

Yes, you might be leaving a few dollars on the table but that's the price of sanity.3.

Now for the refi, needed to have really strong income and credit with plenty of funds in the account to show proof of funds, so after all that couldn't refinance either without bringing 40% of the property value to the table.