A STR is both a business and a real estate investment.Having little oversight on a newly formed business would make me anxious also.As others have suggested, you should consider going to the area for the initial items(Purchase, renovation, etc).Once you buy 1-2 properties, you can look to unload these items to someone else.Best of luck

One building was a 1920 house remodeled in 2012 and the second building was newly built by a contractor in 2012/2013.

Purchase price: $242,500 Cash invested: $49,000 This is an older house, built well on concrete block, that is next door to multi-million dollar houses on the water.

With that said, I kind of wish we had built as we grew a little earlier because retrofitting has been a bit of a pain. :)Best of luck.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

In addition, several items can be done simultaneously (I highly recommend this to save time as time is your enemy) such as doing the exterior siding or stucco at the same time interior rough electrical and plumbing is going on.Foundation is always first and rough framing follows that (which includes windows and exterior doors).

Lower-Priced Neighborhoods: For properties built post-1970, consider focusing on the C+ or B- neighborhoods in OKC.

My partner and I have built over 70 new homes in Florida.

We can't do the inspection until all 3 of those items get installed. 

Once this is split into 1.5acre lots and houses are built I doubt someone will try to find all the heirs and try to put a pad behind one of the houses.