If you are going to gamble on the STR play, I would be sure the property will cash flow as a long term or you are willing to deal with the vacancies of a mid term.

We used a Texas based LLC to give the investors a sense of security that a U.S. based company will be owning the property as opposed to setting up an off-shore entity to hold title to the property.

The are you can gamble on is Clark Fulton, still a lower class are but MetroHealth is injecting $1b into the area, so with time the area will gentrify and values will go up even more.

Not something to gamble on, but it's possible.Enter Opendoor.

So... there's a gamble here for sure.

It's a little bit of a roll of the dice (the $1000 to get it on) but real estate involves calculated gambles sometimes.

That way if you buyer performs you will get top dollar between the first sale and the renewal, without the investor having to gamble on an unseasoned loan.

(maybe if you only plan to own this a couple years, you can defer your Capex items and get a Class C property to cash flow better, but it is a gamble)

I would say buying to break even initially is better than pissing the money away gambling or going to the bar though for sure.  

It might come back next season but its a gamble.