The year round demand with two peaks (ski season and lake / beach season) combined with a lower regulation threat make them pretty good places to own an STR.

Jimmy - I know this is an older post, but did you ever have any luck with using a collection agency?

Typically it is older buildings and not really on new investors radars?

The nice thing about them is there seasoning requirements are low and they hold all there own mortgages.

This may work in certain climates or seasonally, but I've ran into issues with it during "in-between" seasons where both cooling and heating was needed, so I ultimately just turned it off.

Good thing about delayed financing is there is "No Title Seasoning" so no 6 months wait to pull cash out.

. - Older housing stock in some areas may require more upkeep. - Strict local regulations can also sometimes increase compliance-related maintenance costsCost-saving strategies I've seen help:- Preventative maintenance programs can help reduce overall costs obviously - Some investors report success with in-house maintenance teams for larger portfolios- Energy-efficient upgrades can help reduce utility costs in the long runYour specific costs will depend on factors like the age and condition of your properties, your management style, and the specific neighborhoods you're invested in, but hope this helps!

I have no doubt, once I have tenants in the unit and seasoned the property, I will be able to refi out all of my cash plus a few extra dollars.

I’m currently flipping an older brick single family home in central PA - 2700 sq ft, 4 BR 2.5 BA with ARV around $290,000 which is fairly high in my area.

We are looking to learn from seasoned or new investors in this arena for real estate investment has been appealing to us forever.