Night and Day.Eager newbie investors will get taken often, unfortunately.  

One thing I would mention though - doing STR just to save taxes often leaves you operationally unstable or too detached from the management to be successful.

The state park down the road often books up.

As others have also noted, DSCR loans are separate from rehab loans which are often structured as hard money loans bundled with the upfront purchase.We fund both hard money for the purchase + rehab as well as long-term DSCR loans for the cash out refinance in BRRRR projects.

@Scott ChampionRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Often times the transaction between the DST and the REIT involve a significantly lower commission for the brokers.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

If you dont want to invest in a Lane Guide list, you can also use some of the auction websites (free ones) or Foreclosure Radar they often will have lender info associated with the property/listings.

@Fernando CarloIn our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Often you can do large lot sizes vary cheaply but smaller lot sizes require a much more stringent permitting and approval process and significantly more money.It might impact your decision on what you develop.