Just be aware that this adds another layer of complexity, and you’ll want to check with both your lender and a real estate attorney to make sure everything is set up correctly.When it comes to terms, owner financing gives you a lot of flexibility:Interest rate: You want something attractive to the buyer but that compensates you for the risk of holding that second lien.Repayment schedule: You can choose a traditional 15- or 30-year schedule, or go with something shorter if you want to be paid off sooner.Balloon payment: Many owner-financed deals include a balloon payment, meaning the buyer pays off the remaining balance after a set period (usually 5-10 years).

The area is putting up more and more tourist attractions which should continue to drive more growth. 

I wanted to build because the area I’m looking is pretty competitive with STR’s and it has to be something unique and attractive and I feel this will be easier to accomplish building new.

What deal structures have worked best for you in making your syndication attractive to new investors?

Additionally, Miami has seen an increase in demand from international buyers, which has driven up prices and the exclusivity of properties.Sarasota: Although less known than Miami, Sarasota is attracting investors due to its tranquility, proximity to beaches, and the opportunity to acquire luxury properties at more affordable prices than in other areas.

The property should be clean, functional, and safe.A well-maintained property attracts higher-quality renters that will pay more, stay longer, and take better care of the home.

To add to what @Jonathan Greene wrote:1) Understanding the local market, so you know what Neighborhood Class your building is located in, what Class your Building is (condition & amenities), and what corresponding class of tenants will be attracted.2) Using all this data to properly set your expectations and a realistic ROI.3) How to better screen prospective tenants, including catching fraud, so your property performs better.

.--- Tactic 1: Branding and PR: Corcoran used media and public relations to build her brand and attract high-end clientele.--- Tactic 2: Niche Specialization: She focused on the New York market, becoming an expert in her area.--- Tactic 3: Empowering Agents: Corcoran built a strong team, providing them with the tools and support needed to excel, which in turn grew her business.These investors show that success in real estate often comes from a mix of strategic purchasing, market specialization, strong branding, and building robust teams. 

Best part is I needed proximity to NYC when I purchased this property so getting in and out of the city was breeze which in turn attracted desirable tenants who also need proximity to NYC. 

LTRs are not attractive with a STR unless there's a strict level of isolation.