@Steve Meyers I’ve been running this with some success with a local cincinnati agent on 2+ units and nationally with a commercial broker for shopping centers.

Connect with a lender/agent locally to get a feel for the area/what you can qualify.

Aligning yourself with a buyers agent who understands the STR market is absolutely critical. 

@Orlando Johnson- If you were going with 6% real estate agent fees the $12,500 number is incorrect. 

Recently, our real estate agent did a market analysis and estimates we can sell for between $575K-$585K, resulting in a net gain after all of our fees of about $100K.

I would say it could be done, just need to have the following:#1 - Have great overall knowledge of that market, and better than agents.#2 - Learn how to run comps so you know the value of the property better than anyone. #3 - Have finances in order (i.e) is this going to be bought through conventional, cash, HML, etc.

@Sam McCormack is a great agent there that helps plenty of investors. 

@Isaac Hanai I am a multi-family agent and multi-family investor in St.

He seemed like a big-time agent who works with a lot of long-term investors.

However, I am an investor and agent here in Minnesota.