Have you taken the time to search AirBNB and VRBO in those specific areas to see how many STRs are operating?

May I ask why you are specifically looking for smaller deals? 

.: What is the average conversion rate for cold calling using software like PropStream, specifically targeting probate, foreclosure, or tax delinquency leads?

There are loan programs specifically for Virginians.https://www.virginiahousing.com/enGood luck and Happy 2025

Thanks for the feedback; some quick stats: 9 doors across 4 states, about 50% LTV ratio with a Net Income of about 17% and cash on cash of about 3%.....in fairness those numbers include some overall business expenses not tied directly to one specific property.

Feel free to reach out if you have any specific questions, as an investor or a lender happy to share any advice I can!

While some folks may not change the way they underwrite from one type of property to another, what specific property are you interested in, SF, 2-4 MF, or 5+ MF? 

Let me know if you have specific questions and good luck in your search. 

This specific deal was a close friend's apartment that he was renting.

If you have any specific questions, I am here to assist.