VACASA is the largest property management company for STRs in the US. 

Yes, but do I just look for off-market properties in that area?

@Steve Schaeffer For Question 1, your basis calculation in the DST (Delaware Statutory Trust) generally carries over from the old property under the 1031 exchange rules.

You can finance both real estate and business-related expenses under one loan.Best for: Owner-occupied properties (51%+), businesses acquiring both property and operations, or those needing working capital alongside real estate.SBA 504 Loan – The Fixed-Rate Power Play✔ Max Loan Size: Typically $5M, but can go higher with green-energy incentives✔ Down Payment: Typically 10% (15%–20% for special-purpose properties)✔ Eligible Use: ONLY for real estate and equipment—no working capital✔ Term Length: 20 or 25 years (real estate), 10 years (equipment)✔ Interest Rate: Fixed, below-market rates (CDC portion is government-backed)✔ Structure:50% Bank Loan40% SBA/CDC Loan10% Borrower Equity (15%-20% for special-use properties)Best for: Buyers looking for long-term, fixed-rate financing with lower equity requirements, particularly for industrial, warehouse, retail, or medical office spaces.Which One Should You Use?

You are collecting a cash flow stream from an investment grade tenant but the property itself for land and building is almost worthless when it goes dark if they do not renew the option periods.If the DG is NN lease the tenant will limp along repairs and then go with new developer for new building rather than exercising option and having to pay all that capex coming due.

If you dont see if the county where the properties are offer free sales/ownership data which you can download and then find the data you want and build a dataset inside excel.How many addresses?

Ability to find properties off market6.

I'm a Longmont-based investor, agent, and property manager.

The modeling of this is actually pretty easy (see link: 42-unit proforma sample), but my model treats the pre-refi loan as I/O, but that can be updated based on your deal.

I've seen appraisers go out 5+ miles on comps on these rural properties, sometimes go far as back as 24 months.