You used to be able to just put your place up and you’d make money but that’s definitely changed. 

The market today, more so than ever, is a VALUE economy.

Ensure the STR’s projected income comfortably covers new debt, even with conservative occupancy rates, and maintain reserves for market changes or vacancies.

We had an investment group willing to come in and zero-lot line a dilapidated apartment complex in Corvallis and give the tenants the opportunity to buy to help solve our affordability crisis here, but nonetheless, the city forced their hand by needing a half-street development after changing zoning that killed the deal.

Looking forward to hearing about your progress—feel free to reach out if you ever want to brainstorm or chat!

Watch Grant Cardone's youtube videos on, "The Biggest Mistake You'll Ever Make."

And these were Portland Metro assets so NOT low value mid west assets.. we did this until the law changed and it was illegal to buy pre foreclosure and rent back here in Oregon..

Just add novation language allowing the change of buyer name and inform the title company and lender of the change ahead of time. 

If you ever want to explore opportunities here in Charlotte, I’d be happy to share some insights.Best of luck with your first investment!

Lots of people on here want to knock concepts like the one you are asking about, but in my experience most of those people haven't even worked through those kinds of companies or bought properties, so focus on the ones who actually have (if you can figure out who that is).