We used an excellent local bank that helped us to get everything we needed for the construction loan and we were able to fund the entire project without investors.

Are there any key factors or metrics you look for when analyzing a neighborhood's potential?

and down to meet up for a happy hour drink? 

@Drew Murtaugh it is going to be very hard for you to do this type of deal on your first go around.

Loan Diversification = Do not stack up a bunch of one loan product for your portfolio.

Quote from @Tom Nagy: Thanks for sharing.

While not everyone's going to create an Airbnb out of a 6-ton potato, her story does seem to have lessons for new STR investors. 

I think we are competitively priced, so most of out tenants have been renewing, but we plan to test higher rents in 2025  for our larger apartment buildings to account for the steep increase in insurance prices.There have been A LOT of new apartment buildings put up recently in the Cedar Rapids metro area, so depending on the class of tenant you have, maybe that could account for some of softening you are seeing? 

Dayton is a great market for multi-family.

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