In the future, we aim to get into fixer-uppers, development, etc., but for now, we like to only consider semi-stabilized (with minimal deferred maintenance) or fully stabilized, cash-flowing properties. 

Lenders get paid at closing.Consider developing a better process to find and vet your lenders, Torianne.

For anyone that is looking at developing or purchasing an STR in Packwood, WA I would take a peek at the numbers that are on the rental sites and the amount of bookings. 

I had been dealing with them for several months due to the development of plans for a property I own.

Plus, there's huge appreciation potential here since there's so many companies moving/developing here (Intel headquarters, Amazon, FB, Google, Nationwide, and recently Anduril).

Don't wait for problems to happen before developing a solution.

So many population/job growth/companies moving and developing here - Intel headquarters, Google, FB, Amazon, Nationwide, Honda, Anduril etc.

Maybe attend a chamber of commerce meeting and ask around where development will start.

Land Ed is one phase of ground-up development.

This gives you a foundation for making a fair offer.Secure Financing: Be prepared to show you’re a serious buyer with funding lined up, whether through cash, traditional financing, or a creative option like seller financing.Have a Strategy for Repairs or Development: If the property is distressed, outline how you’ll handle improvements to bring it back to productive use.