Chattanooga is a great market to start out in.

Have you considered other starting strategies like house hacking or live-in flips?

We are set to head back to Kyoto in a few months to start prepping the property ready for guests.

Hi Anthony, it sounds like you’re in a good position to start building your STR portfolio, especially with no debt, great credit, and rent-free living!

Start by getting familiar with your local market.

@Shawn Questa I agree with you that there could be some opportunity here, but personally, with that little equity in the property, I'd wait for the pre-foreclosure process to start and  perhaps you can do a short sale (though I don't know the details on how that's handled in TX).

Where would you start with a process like this. 

@Jay Hinrichs did you see the lawsuits already started? 

Once we changed to charging a fee, proof of ability to close, good income, a sizable reserve and reasonable credit, the students not only started taking the training seriously but actually began buying properties for their retirement.

Did you started working on it?