I suggest you enter private money goldmine in search botton at top right of the screen and read the previous posts....here is one that gives good perspective as well as a link to legitimate private lenders.http://www.biggerpockets.com/forums/92/topics/1488...

The STR part plays no part in the valuation like @Patricia Andriolo-Bull said.I agree that 20% is pretty fair, but you could self manage it once you get things in order.

@Tyler MageeHey Tyler, with you being in Tampa and have 150k to play with, the possibilities are endless!

I did some research first to see if they are even legitimate and what their reviews are like.

This is where my mistake comes into play.

I have seen these circumstances; people die, go out and buy a car, lose their job, etc… Just my own two cents, I’m not an attorney, just play one on TV

I loved watching them play

Seen that play a few times.. this whole sub to being taught to under capitalized or starter investors who don't know what they don't know and learn this on line is just so very dangerous.

If you’re newer to real estate, role-play scenarios with a mentor or colleague.

@Richard Bautista could be legitimate, but could also be a "churn & burn" situation.How will you know the difference - before it's too late?