This process can be uncomfortable at times but can also be rewarding.

And I provide solid returns for my private lenders in the process.

It’s an interesting approach, but ensuring a strong screening process and a legally solid agreement is key.

I'm in the process of purchasing a STR and am intrigued by the 3-2-1 buy down. 1st year of the loan would be 4.5%, 2nd year 5.5%, 3rd year 6.5%, 4th year standard market rate.

As a result, this isn’t the kind of market that attracts top-tier PM talent.Your best solution might be to either:1.Take on self-management if possible (and if you’re willing to put in the time/effort).2.Find an individual you can trust to handle these properties, set up very specific instructions and processes, micro-manage them initially to ensure standards are met, and compensate them well to make it worth their while.This approach requires more oversight on your part but can yield better results in markets like this.

Know the lingo and the processes.2.

.- Review the loan documents, there is most likely a due on sale clause, which is why you won't find a title company to process these for you.

But if the mortgage is 2k or 3k then I'll be in a tough spot. 

That’s a tough call, but a good problem to have—congrats on your first STR!

Ananth--if you used an attorney to process the eviction, most attorneys will also pursue the collection of judgements on your behalf, too.