Given that the borrower had given us sufficient time to complete the loan processing and clear all title conditions, we were able to arrange the financing with one of our multi-family lenders at a rate that was actually lower than the prevailing rate when the borrower initially contacted us.

I initially bought the house for $80,000 and could sell it post-repairs for $65,000 to $70,000, or "as is" for around $50,000.

Lowering the pricing initially to get some reviews and traction is also probably a smart strategy.

That is the initial STR model that is of interest to me, like yourself, I do not have time to take care of running a STR unit or over time, if I get multiple units in one area or in various STR markets... 

Initially, my family and I lived in this house for a couple years before deciding to rent it out, anticipating a market recovery from the 2008-2012ish recession.

My wife is about to go back to school so she will not be contributing income as well as she will be tacking on a lot more debt to her initial student loans.

Many Buyers will reject this, at least initially.2.

I am working with a client now to get studies done on six STRs where the initial tax filing was done on 27.5 years instead of 39 years.

This is the nested LLC I initially planned on using for this property purchase.

The initial setup is nerve racking as you wait for that first check, but once that initial payment comes in, it is on time.