You should also figure out how much additional rent you can get for the space. 

There are many here in my local area and your area is likely to have the same type of meetings.Most of the deals that I fund are by meeting investors in person at these groups and creating strong relationships. 

Here is a comprehensive guide to help out-of-town parents navigate the process effectively.1.

I work with an auctioneer who is selling a 103 unit hotel at auction in the southeastern part of the US.

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. 

The benefit to the seller is that they don't receive all of their capital gains in the first year, but they will pay as they receive their money. 

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.

To me at my current knowledge level, this deal only works if taking over the loan - to limit the out of pocket money to acquire the property since the outside reno and new septic would take up the bulk of rehab costs. 

In today's world you can accept all kinds of payments.

I did all of my loans with small local banks in my area and was always happy with the rates and service.