Then I look for properties that fit my parameters…and I always ask for owner financing…even though I might use that mortgage broker.  

Phase #1 - Recovery  - characterized by high vacancy rates and no new construction- rent, during this phase, is flat or declining- owners offer rent concessions to avoid their property occupancy rate from  decliningPhase #2 - Expansions- characterized by declining vacancy and the start of new construction- occupancy improves, concessions are not being offered, and rental rates being to growPhase #3 - Hyper Supply - characterized by new construction and vacancy rates beginning to rise - rental rates begin to grow at a slow rate- rent concession are being offerred due to the new construction in the area [in the hope of retaining current renters]Phase #4 - Recession - characterized by the completion of construction and a decline in occupancy rates - concessions are abundant to avoid high move-out rates Here are some foundational truths about optimizing your investments:#1 sow seeds of success in the down times - "The season of failure is the best time for sowing seeds of success."

It was not easy, since without having my property under contract I had trouble getting a property owner to sign a sales agreement with me.

On the sale side of the equation I rely on 3rd party sales agents for my housing geared towards owner occupants.

However we are still on the fence.Just curious to hear how other STR owners are doing and what strategies they are using to stay afloat.

As a property manager handling short term rentals, we would have the owner replace but long term rentals like the one I'm staying in, it requires the tenant to replace the filters.

I've been having this conversation lately with a lot of the owners I work with as well as those who self-manage.

My only hurdle is the fact that I don't know the Real Estate Investing industry that well, so I don't know where or how to find the right documents for my wholesaling transactions.I've began generating pre-foreclosure leads, which I am able to filter out just ones with high equity, owner occupied, and no auction date, yet.

I know from the a deed recorded last month that FreddieMac got house from foreclosed former owner for 180k.

Also, logically speaking, for whoever the owner/developer of the project is, they have much more risk involved and should deservedly be the ones with the profit to gain.