Does anyone have any updates to add to this question now - May of 2024?

We hope he keeps this thread updated as we progress to further assist him on these properties to understand what the best options are and how we can be of assistance.This is certainly good feedback for our team as we are always looking for ways to improve and we appreciate all the input.

.: Any update?

I'm sure you're doing something similar with your monthly newsletter, but you can update your list on the events happening in your town, and keep them current with any news.

Please keep me updated on how it works, Matt.

Comps on distressed properties within a half mile that have sold in the last 30 days are closing in the $330-350k range alone and renting for $2,500/m with basic updates (think original kitchens) or $3,000/m for completely updated 3bd/1bths.

I may consider a 6 month minimum through airbnb but anything less like an STR is too much for me, especially given how updated the place is, the turnover will get it deteriorate faster 

Could you provide a 6 month update on your property on how things are doing and if you're considering investing in the same market?

@Peter Shah Depending on what you use the $200K for there may be ample options to save some of this money for a couple of years and then use those savings to fund your next deal.

The inherited house is in a coastal town but I'm hesitant to do a short term rental as it needs quite a few updates (kitchen and bath) to make it desirable enough for a STR and I have no capital to do that.