It's unfortunate because there seems to be several things working against them right now:- Some people are afraid to travel - Government restrictions/lockdowns have either prevented travel and/or temporarily prohibited STR like AirBNB altogether- AirBNB unilaterally overrode hosts' strict refund policies and allowed guests to cancel and get all their money back, which in some cases further unfairly impacted the hosts financiallyAs I read that article, and how the people featured in it were faced with less than desirable options (i.e. defaulting, selling, etc), I wondered how many people on BP had encountered similar decisions and decided instead to convert their AirBNB units to long-term rentals and if that was even a viable option for many of these types of properties? 

I was that guy working 20-30 hrs / wk in high school, taking the advanced courses, playing sports, worked in college, 40 hr weeks over the summer, sold stickers and tee shirts as a side hustle, etc. 

It's an exciting time to be starting out in the investment world, but there are many pitfalls that new investors can encounter. 

That means you need to be ready to write a $1000 check.It also means the sticker price appears half off other similar properties. 

What were the largest obstacles you encountered when you first started, and how did you overcome them?

I'm fascinated with all the information I've encounter these past two days being apart of the BP community.

They cash flow very well with one property taking in $2,425 a month ($29,100 annually) and the other $2,245 a month ($26,940).I’m actually surprised at the hurdles I’m encountering trying to get someone to loan against these properties, even at a 50% LTV (conservative estimates are each building is worth $225k - $250k).Some of the more common objections I’ve heard are:“We don’t loan to out-of-state owners.”

Has anyone encountered this lately? 

@Latisha Major, one of the hurdles that you will encounter with this model is that the landlord might not like you running an AirBnB business out of your rental.

I know that it's also often the case that older seasoned investors get really excited about enthusiastic young folks getting a head start on their REI journey, and are more than happy to help them along … I hope you encounter more of that in the future!