Looking into the STR market, i would suggest a couple things to include into your property search. 1) the STR market is very saturated here so look for something unique or offer unique amenities to your guests, this will help your property stand out 2) different set of rules for properties located within city limits vs without i.e. outside city limits doesn’t require a permit which the city is cracking down on the amount of STRs on any given street or neighborhood 3) HOA is a big deterrence as a lot of HOAs don’t want any rentals of less than 30 days so an in depth search into covenants and by laws would be doing your due diligence.

We look to see the local market through our partner’s eyes and help them spot and rate opportunities and then we help them execute the best ones.We focus on real estate developers and GCs that have a track record of getting things built, but that are not so established that they have a large network of equity capital providers.

And keep an eye on what’s happening in the market, so you’re prepared when the time comes.House hacking is a fantastic way to start building wealth.

I'm a local investor in Saskatoon and would be happy to connect and give you a local lense on this market or even feedback on properties you are eyeing up.

He was eyeing a property with a HELOC attached, and we found out.. from what I've herd, banks can be a bit cautious when there's a second lien.

I know you've been doing well in Toledo and you've been potentially eyeing Detroit as well.Absolutely love your story and enthusiasm, and I know you've got a lot of knowledge and inspiration you can share with investors that are just getting started.

When is last time you saw with your own 2 eyes? 

Lastly, unless you're married to this particular property, you should keep an eye out for other properties that just might be as sweet a deal.Also, about the HELOC, once it’s funded, those funds can generally be used for any purpose but double check with your lender JIC.

Market shifts, especially in Texas, are something we're keeping a close eye on—where some developments may sit for months, others in the same metro area rent out within weeks.

Let me know of your progress if you would, and we'll both keep an eye out for further responses to this thread.