However the key is making sure the numbers pencil out so that, at minimum, even in the worst case, you can pay back that heloc because interest on that is going to be very high.

If that's the case look into finding a handyman, and make sure to shop around for the best price.Stuff I have ran into:lost keys/lockpicking [hired]broken washer [fixed myself]shower door [fixed myself]AC clogged [hired]Microwave broken [replaced myself]holes in the wall [fixed myself] Thank you!

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The key thing to remember about STR in Cashiers is that our "season" is really only about 12-16 weeks.

Key Bank, FLorida flexible lender, HELOCs on second homes and rental properties. 90% LTV on primary.

Do you have a price point you're targeting and are you looking for turn-key properties or something along the lines of a "fixer upper"?

@Johnny Lynum we did offer them an aggressive cash for keys amount to get them out as soon as possible.

I’m still refining my approach there, but having the right team in place is one of the biggest keys to scaling sustainably.Definitely looking forward to staying in touch and exchanging ideas as we both grow in this space.

Here are some key elements to include:Lease Agreements: Ensure your contracts reflect the latest laws, such as notice periods for entry or rules around security deposits.Fair Housing Compliance: Familiarize yourself with federal, state, and local fair housing laws to avoid discriminatory practices.Property Standards: Regularly inspect your properties to ensure they meet safety and habitability standards.Tax Documentation: Keep accurate records to comply with tax reporting requirements.4.

I worked with a broker before who delivered and has referred me to Lendbase.