I have seen a few recent deals where this has worked, and favorable terms on both sides have brought the deal to a close.It is good to reach out to the owner and see where his head is at.

If you can find financing on a vacant, gutted, 16-unit, it's not going to work in your favor.

If, and it is a big if, we can get this structured favorably, that would leave a 2BR with finished attic (list as 3?)

I am however handy, I have a degree in biology and I do have a trade skill set in automotive mechanics, and I am always willing to return the favor for anyone pointing me in the right direction.

That creates a really nice price / rent ratio which is favorable for investors looking for cash flow.

I'm jumping in at a time when interest rates are a lot less favorable than they were even 8 months ago.

Utilizing their favorable financing relationships to then secure a ~$1M loan from a local credit union.

Initiating a conversation with a seller by presenting an offer under these terms can raise concerns, signaling, "I lack funds and need a favor."

If I can't find reviews, and a lot of them that are in favor of a company, I'm not a player.

Chief among them is the soaring price of property insurance within the New Orleans market and the second obstacle is the city's political environment that does not favor STRs.