Most Lenders will want to see that the property does cash flow well (typically over a 1 and 1.2+ for 5+unit properties), is the property itself a match for that lender's guidelines (rural?

I did STR in a duplex starting back in 2017 and managed for others in North Conway, Ive since converted to all long term tenants and happy i did so... unless your property has something unique or a "rare" amenity.... like, sleeps 30, I honestly would not waste any energy on it in the north Conway area. so saturated, and so much big money being invested in the hotels, its tough to match amenities vs cost, and I see travelers trending back towards the hotel style accommodations. granted, for the right price, I'd buy anything and figure out what the best use for it is. use airdna.co for decent data on # of Short term rentals in any particular market. can also identify opportunities. the point of my response.... be careful in STR in any area and always have a plan B. you can change a lot of things about a property, but your cant change your basis!

Hi @Robert Rixer,Good question, nothing existing on the market in the area that matches what we are interested in.

There you will be asked your criteria and then after answering a few questions you will be matched with 3-5 agents or loan officers in your area.

To date, I have created two strategic partnerships with other veteran organizations to match veterans with parking industry jobs of varying skill levels

I hope to retire in 9 years, so debt elimination or cash flow matching debt payments is fine by me.

You want to find a match for what you really want to do.

If you say the most you can get is 25k, then you really need a lender who will go maybe 85% possibly 90% on the front leverage and you'd have to be in a market where the sale price is under 100k.Lots of times the starting capital of the investor does not match with their home market. 

Both can be true.I understand the need of emphasizing the business side of things, but I feel like the way to do this shouldn't be to take shortcuts that don't necessarily match reality and are, to an extent, dehumanizing.

I only worry about matching appliance brands on extremely high end units.