I personally like the buy-and-hold strategy and we help clients who share this long-term, wealth building mindset. 

Hi @Deepak Malhotra,Thanks for sharing your experience—there’s a lot to learn here!

Hi David,I’m just entering the flex space development space and recently joined a mentorship program to deepen my knowledge (I do have experience in commercial MF).

I plan on driving alot to find distressed or run down multifamily properties that possibly are owned by an out of state investor and reaching out however would like everyone's opinion or personal experience on some other creative ways.

Although I can't speak to the Banner Elk market, I'd be happy to share any insight on just STR investing in general as it related to our experience in Western NC.Good luck!

From my experience investing in mid-tier and luxury hotels much larger is you need about 70% to make ends meet, you start getting happy about the investment about 80% and around 85-90% you fell like you are a genius. 

Just by having those two traits they are in the top 25%, based on my experience. 

Can you share what your findings were?

Based on what you shared you are not financially qualified to own real estate.

Looking forward to sharing my journey and learning from your experiences.