But agree for HML majority of the states as long as its commercial purpose no license required..

@JD Martin We have a right of entry clause in our lease that reads like below; "Landlord may enter the property for purpose of inspections upon 24 hr. notice given to tenants.

Melissa DSCR loans are business purpose loans therefore there is much less documentation and red tape to deal with vs conventional financing.

If you are purchasing an investment property, and intend on using for investment purposes only, not personal use, it might be possible for you to rollover the TSP to a Self-Directed IRA and purchase the investment property through this type of structure.

Have a purpose for the land.

unless they are local there are far and few out of area investor that make it 10 years in those asset class's this is where the inventory comes from in the first place.. burnt out landlord syndrome.. what I think happens here is everyone has this idea that a good investment MUST make 10% COC or more.... and they are willing to take risks to get it no understanding the risks... and of course the sellers are not going to tell you about the risks.. sadly you learn about them as you state as a expensive learning curve.... locals can make this work I fund a few folks that have monster portfolios of these over 200 in one instance.. but its what they do its their daily business.... if one is going to go into this asset class its simply not an investment .. it must be with the purpose to own hundreds of them. and run it as I said as a business entity... to make money in this asset class the only way is to self manage and control expenses and manage your tenants hands on.... there are many many locals that own 20 to 50 of these and do this for a living... its appropriate for them...

Hi Thu, self-managed STR owner in the California High Desert and realtor who has helped several clients purchase properties for the purpose of renting on a short-term basis.General questions pertaining to the overall STR landscape should not incur a cost when directed at a PM/co-host.

They do conduct a background check, credit check, will check cash reserves, and will make sure the borrower is using their funds for business purpose only, but there is less emphasis on the borrower and more on the deal itself. 

Do you think a web and mobile platform would be beneficial, or would you prefer using only a web-based platform for this purpose?

For illustration purposes, the investor with engineering and/or construction background may excel building in a market where there is ease in doing business and can build efficiently whereas the doctor may have greater success in the established market where significant barriers already exist but can afford the entry price and can ride the waive of continued appreciation and offset their high salary by depreciating the expensive building they acquired.