The better prepared you are, the greater your chances of success.One crucial but often overlooked recommendation for someone your age is to work on becoming bankable before your first deal.

In order to prepare for disclosure deadlines and detect potential deal roadblocks, the seller may carry out "reverse diligence" on the buyer.Finally, it's crucial to comprehend the motivation behind the trade.

But HOA are a whole other universeAnytime people buy properties for STR they really need to have a plan B and C for changes in the market and law... the STR is subject to a lot of changes, so you need to be prepared

Not recording doesn't make it not legit but, you'll need to record to protect yourself.Once you do record, be prepared for the due on sale clause if there is a lien on it.

There's a lot of preparation, a ton of patience and when it's time to strike, very little room for error and a lot of action all at once! 

Be prepared to document where that cash came from - in your case, that's easy, your HELOC.Would be happy to help you with that sort of transaction if you want to reach out - I find a lot loan officers are unfamiliar that this option even exists. 

Good on you for being prepared in advance!  

However, we notice it also needs more improvement as some of the results are not accurate or whatever AI you are using and my thoughts about the AI you've mentioned I think it will happen after a long time ago or much better if we all prepare.

The prepared me a quote that is low price (That is nice), but I am not sure if I am covering all the bases.

Licensable vacation rentals are obviously in high demand and offers can become quite competitive, I don't have any formal statistics but I'd say a quality active or eligible vacation rental sells at least twice as fast as a non STR property, the majority within days..My best advice to investors shopping for a hot or high demand asset class is:- Prepare & Practice: Get your ducks (GO UO!)