@David YoungTo turn your paid-off home into a successful investment property, start by formalizing a lease agreement, assessing necessary renovations to maximize rental appeal, and calculating your cash flow after expenses.

You will have much better success with local banks or credit unions.  

Mainly because they advertise saying they have been investing over the last 15 years and been wildly successful.

Don’t get me wrong, some people have been very successful with OOS the last 10 years, but today is a very different market from 2012-2020, and I think you owe it to yourself to understand what can go wrong.

@Jordan Meltzer congrats on the mid term biz and your success. 

A good designer and architect are key for a successful project like this and keep in mind these aren't cheap.There's a lot more details to consider, feel free to DM me for more details.

These are by far the least amount passive so do your due diligence on understanding how to run a successful STR business and researching local laws on allowing STRs.2.

I have been a realtor for +8 years helping out-of-state investors buy and sell here successfully too.

And the cost of legal defense , even if successful, will drive the company out of business.   

With the right resources and preparation, you’re set up for success!