I'm looking at investing in a short term rental in Jacksonville, my budget is fairly modest though, up to $300k so I'm not looking to do a high-end STR.

If you're ARV is high enough (relative to your purchase price), you can get away with 20% or less down.

The cost segregation studies that typically yield the highest credits and deduction are for properties valued at $150,000 or more or that have lots of added features such as components to operate or high-end custom finishes.

Hi @NA*I am not affiliated with Sodt Pull Solutions*To perform soft credit pulls on potential borrowers, services like Soft Pull Solutions can be highly effective.

First off- $4.5M for 48 units and 50% are vacant is not a steal, unless this property is located in a downtown area and you have a contact with a developer who will pay 2X to build a high rise. $93k/unit for 50% vacancy doesn't carry hardly any debt, hence why they are capping you at $500k.

Quote from @Andres Felipe Alba Hernandez: Quote from @Rick Albert: There is a high probability it is enforceable.

I would also highly recommend Rentalhero, being using it for a year now and I absolutely love it so does my CPA

Hey Shawn - Highly suggest going to local meetups and joining investing groups on FB to build your local network.

I live in a VERY high demand tourist area with lots of rental properties and I have been working in property management for 5 years. 2 years ago, I ventured out onto my own because I was pregnant and wanted to work from home and stay with my baby.

But, here’s a situation in which having my properties in SEPARATE series of an LLC saved me enormous time, aggravation and money.in 2012 I purchased 5 individual high rise condos in different buildings in Phoenix, AZ.