To avoid that, set a firm, realistic budget from the beginning and make sure you stick to it.

More big name companies will join the STR industry and hosts who are not exceeding expectation will be weeded out by their money power.

Will look to refi next year and get all our cash back (have 1 year left on generous seller financing)Failure: still battling a tenant eviction industrial property, costing me money (I can afford) but time and my energy (not a great use)A ha moment: just to focus on higher equity slugs into fewer deals, the law firm is #1 for me2025 goal: complete exit, closing Jan 9, keep making offers, grow the law firm with less billables

I've done some preliminary due diligence (as the lender) and feel I have a pretty firm understanding of how it works.

Most realtors will want a firm commitment in the form of an exclusive buyer's agreement.

Are there any creative things that could be done to get to my goals or from your standpoint,  or is it pretty well a firm "not gonna fly" type scenario? 

The combination of its growing tech & healthcare sector, long-term resilience to climate change, and relative affordability makes it an interesting place to start our real estate journey.I spent a big part of my career in hospitality real estate consulting at a Big 4 firm, but I left to explore new opportunities and decided it was finally time to take the leap into real estate investing.

I've never been so disrespected and found such an unprofessional firm, and I have property mgmt companies in 4 different states

In Oceanside, New non-hosted STRs are prohibited outside of the Coastal Zone as of February 10, 2024.Most HOA's do not allow rentals less than 30 days so that is likely not an option unless you find a couple of places on the water that allow it but usually tough to find below $1M. 

We’re looking to install a property management firm within the organization as a way to generate steady income and keep operations running.