We bought it with a HELOC on my mom's primary residence for the first $40k, then hired a contractor for demolition and major renovations, did cosmetics ourselves and used more heloc money totaling $60,000. 1 year later we listed it on VRBO and AIRBNB and refinanced the $100000 into a fixed rate mortgage.

My first attempts to get a loan ended in some pretty humbling experiences (getting laughed out of a couple of banks due to zero credit history).Fast forward to today, and after building up some credit, a stronger W-2, and a solid professional background, I’m finally back in West Palm Beach, Florida, looking to make my first deal happen.

The experience with them has been more professional overall.

To invest in Richmond, join REIAs, engage on social media, attend events, learn from resources, connect with agents, explore neighborhoods, and connect with professionals for appreciation, rental demand, and strong cash flow.Good Luck!

Readers should seek professional advice.

I specialize in STR's along the coast and have had a lot of success with MTR's for medical professionals as well.

do you have a professional representing you?  

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

And some of us been replying back yes there is, just where they are, how to get them, has changed a bit and it's no longer as simple as closing your eyes and randomly throwing darts at a MLS map and buying whatever. yes, those days are long gone but if your willing to roll-up the sleeves and get professional at it, there is "deals" all over the place, you just gotta get skilled on how to find them, tap them, monetize them. 

We hired a tax advisor and were told to get an STR this year to help offset our taxes with the STR loophole...