Fatal mistake to buy that on the forward curve.My recommendation would be to get out of this position; the STR is in an extremely oversaturated market and the underlying asset is a clone of many.

I remember a saying someone told me a couple of decades ago that convey's to real estate investing: "If you've been sitting at the poker table for 15 minutes and you can't figure out who the patsy is, you're the patsy!"

Apparantly that didn't work out for them either as they sold all their properties a couple of months later.

Hi BP, I am interested in invest out of state and these are the three metro area that I am looking into: San Antonio, Austin or OKC area. 

Great opportunities to buy single family house and rent out the bedrooms.  

Hey BP Community,My name is Sylvens Bellanton, and I’m the founder of Clearview Management, an investment group specializing in real estate acquisitions.

Purchase price: $3,200 Just bought this piece of vacant land. 2 acres out in the desert.

I'm currently lending out some 6% to strong investors that I have a history with, and lend in the 9 to 10% for short term rehabs and flips.

For your mortgage, a 30-year loan will give you lower monthly payments, which could be ideal while starting out.

Feel free to reach out if you have any questions.