It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

@Bob Asad, it is vastly easier to obtain a HELOC on an owner occupied residence than on a rental.  

Everybody and his brother (or her sister) obtains a purchase contract for a shuttered nursing home that once had an appraised value of $10 million; has a current appraised value of $5 million, and the investor has it under contract for $2 million.  

Excessive complaints or three violations in three years could lead to losing the ability to operate​.Impact on Neighborhoods: Non-owner-occupied STRs (Type 2) may cause friction in residential neighborhoods, as they often function like businesses, which can disrupt the local community atmosphere.Recent Regulations (2024 Updates):1) STR operators must obtain a permit for either Type 1 or Type 2 properties, depending on whether the owner lives on-site.2) Platforms like Airbnb are required to remove any listings that lack a valid permit.3) New noise and occupancy regulations apply, with stricter enforcement through permit revocations and finesThese regulations are part of the city's efforts to balance the benefits of STRs with the preservation of neighborhood quality and local safety standards.4o

Hi Aidan, I’m a real estate agent and investor, with over 6 years of experience in real estate investing.After relocating to South Carolina about 2 years ago, I obtained my real estate license and have been focused on learning the local markets and regulations.

I am looking for advice how to finance the home construction costs before obtaining a lower interest mortgage after construction is completed.  

So purchase price, as long as you can obtain initial funds to execute the BRRRR (including the value add), has zero bearing.  

We only use Furnished Finder to post our listings and obtain leads.

Poor tenants cannot obtain quality housing.

We are seeing co-living investors be able to obtain strong cashflow vs. the traditional long term rental where price points are below $320k or so.I'd pick a sub-market that you have confidence in holding over the next 5 - 10 years.Personally, I like the northern parts of the metro (Kennesaw, Acworth, Cartersville) for LTR and Dekalb, Clayton, Fulton) for Co-living.Feel free to ping me if you'd like to chat - happy to help!