#10)  The birds provide a free, natural alarm clock!

Successful BRRRRs are challenging enough to do local to you.  

Challenges?

Naturally, they are your competition and the daily rates need to be taken into account.

Despite surprises and challenges, I transformed it into a move-in-ready home and sold it for $145,000.

This 1925 bungalow was a true challenge, needing a complete rehab from top to bottom.

However, many DSCR lenders have a minimum loan amount of $100K, which can make it challenging for investors to secure financing for lower-priced properties. 

I navigate through cities and towns, identifying areas that are both friendly and challenging for STRs.

Challenges?

The challenge we're facing is the lack of short term rental data for the appraiser, and we won't know if it will meet the debt service coverage ratio (DSCR) requirements until the appraisal is complete.Has anyone dealt with a similar situation?