You want to look in a market that has legal approval for short-term rental and draws visitors (are there reasons to visit such as attractions, nearby cities, outdoor life, lake, beach, mountains, etc?).

It's a mountain town, essentially, mostly full of second home vacation owners.The restrictions were created by the original parent parcel owners before they subdivided it all.

Blue Ridge is in the North Georgia Mountain region, it's got adorable cabins and roomy vacation homes, perfect for a mountain getaway.

The cheapest lender may be the cheapest for a reason and change terms down the road or have difficulties getting you to the closing table  

Zach is a seasoned investor himself and he brings much more to the table than any other Turnkey companies I've spoke with or worked with! 

Do you have your real estate attorney draw up a contract and you sign with private lender before going to the closing table with property owner?

He has said before he is already highly leveragedhe is in probably the most volatile market for STR - smoky mountains if his projections are off by 30 percent he’s going to need to cover any loses from other undetermined sources.i Guess the advantage is making sure he has the means to not have to liquidate other assets in his portfolio to cover the payments in a downturn.  

@Phil Shelton If I were in your position, my strategy would not be to focus on paying off any of the mortgages but to get the highest interest rate mortgage, that is the one at 6.625%, to the point on the amortization table where more of the payment goes to principal than to interest.

We both are going to bring $50k to the table from what we both have been saving. 

You can't do a broad brush stroke, even if all of them are the exact same building.This is where you as the investor can bring more to the table to identify or create value.