Have you ever thought about getting 0% on one property and substituting the collateral to a great property?

I believe they changed the guidelines years ago on the amount of seller assist you can receive on an FHA loan, so I’d look into that with your mortgage company before making an offer, but definitely use that to your advantage when writing an offer!

For all things Gatlinburg/Pigeon Forge @Collin Hays is a great resource.I do not know too many people on here in the Gulf Shores area.Let me know if you would ever consider FL ;)Good luck!

.- You close on December 10th- The property is in great shape and does not need any significant repairs- It only needs some paint touch-up and changing a couple of broken fixtures, which you do yourself- You spend the next week buying furniture, electronics and supplies and installing/arranging everything yourself- You also roll up your sleeves and scrub the toilets and sinks and appliances- You put it on AirBnB/VRBO and have your first guest renting it for the 3 days of Christmas- You second guest rents it for the following weekend and leaves before NYE- You personally clean and restock the place between these two guestsCongrats!

I did see it and scheduled the sprinkler installation but heard they are now requiring additional improvements that weren't originally discussed like multiple egresses, changes to pool room doors etc.   

All that changes is how to profit and how much. 

Many groups that you hear about are more incentivized to buy deals through their 3% acq fees + financing fees, etc then they are to find good deals (but every deck will tell you it is the greatest deal ever, until the next deck comes out).  

I'm visiting my STR property for the first time ever this Friday.  

But now I just take a little time at the beginning of each season to update it with new restaurants, venues, or changes. 

If you ever have questions or need to bounce ideas around, don’t hesitate to reach out.