Partner with an Experienced Hospitality InvestorConsider bringing on an investor who has scaled hospitality properties—they can provide funding while you handle operations.Would you like introductions to equity partners or lenders who specialize in boutique hospitality acquisitions? 

Working with Real Estate ProfessionalsLocal Real Estate Agent: Choose an agent experienced in student housing.Property Management Services: Consider hiring a property manager if you’re not local.Inspection and Appraisal: Conduct thorough due diligence to avoid costly repairs.6.

I'm in agreement but I'm not entirely sure where I'm going to need to create the LLC since the property is no in our state of residence.Do I create the LLC in WI (the state the property is in) and pay for a registered agent in that state?

The one disadvantage I've heard about having yourself a Real Estate Agent license is that as an agent/investor, your first fiduciary responsibility is to your buyer.

Start by networking at local meetups and connecting with investors, agents, and property managers.

Unless you are an experienced investor like Alan, it often leads to higher costs.  

While at BPCON last year I connected with an investor and agent in your area.

I’d recommend connecting with local property managers and agents as soon as possible—agents can help you identify deals that fit your BRRRR criteria, and property managers can give insight into rental demand and market rents.

Got a great agent on Oahu.

We were in contact with a Redfin agent who also has a STR in the same building and gave us addresses that allows STR in Honolulu.