Off-Market: I was working for a storage facility and the owner needed help removing his stuff because he was moving How did you finance this deal?

This is a good opportunity in a strong market, and with your excellent credit and HELOC funds, you’re in a great position to make this project happen.

If you own them free and clear you will likely only pay for title and transfer tax on the market value of the property if you want them to be under LLC. 

Fairbanks offers a unique market with its own set of considerations.

CT spots like Bridgeport and New Haven also pop up a lot in conversations about good starter markets.

If have investment property, we are looking for relatively updated units (we are ok doing some work ourselves), class C+/B tenants, with rents either close to market rate or that can be increased.

STR seems to have better tax benefits (in the right market) but is it worth it at a distance ???

Purchase price: $275,000 Cash invested: $129,000 20-unit hotel, was abandoned and had sat on the market for 3 years.

So the idea of doing this all from afar is a bit daunting, however, I know the most important thing here will be to create a great team and outsource as much as possible.I have set my sights on a couple of different markets being in the Southeast and the Midwest; these markets seem to provide the cash flow I am initially interested in generating to value add to the properties I purchase.

One I know is based in LA as that's a huge market of course..