Happy to share my experience if you want to send me a PM.RyanHey Ryan, we are in the process of looking at buying a house for an STR in the beach Mountain area.

We are proactively purchasing BTR's in Ward, Cabot, Jacksonville and Benton areas.

in a stick frame market and one of the cheapest markets to build we build with margin at $190 or so a square foot. that will go up over time about 5% or 10% a year to keep up with new build price increases. we are buidling a 3 story walk up and source some of the lowest priced crews.

@John Postma We are working with about 5 owners that are at the same stage as you with almost identical stories.

We are in Iowa and he noted he wouldn’t do a basement.  

Right now we are just using private individuals.

We would like to create a partnership where we are 50/50 partners and he brings the cash and I bring the experience, knowledge, and contacts ect.

We just gave our tenants notice that we are planning to move into the rental they are leasing from us.  

Converting OP units to shares of the REIT creates a taxable event.

We are new so funds are very limited, is there a process you guys use to make sure legalities are set up right, and can they charge on the close of the deal?