In early September 2023,  I heard about Pace Morby via a Bigger Pockets podcast.

Purchase price: $530,000 Cash invested: $100,000 My journey into short-term rentals began after years of investing in long-term properties, but it was a podcast that opened my eyes to the incredible potential returns of STRs.

Right now, I'm doing a lot of research and trying to build a good base of knowledge before I dive in.  

If someone you don't know reached out to you to offer you a loan and you do not know them, they are essentially acting as a hard money lender (lending based on the hard asset and not a prior relationship they had with you)."

I'm based out of Fairbanks, Alaska.

I would recommend fixing it and then determining whether or not to sell based on cash flow and profit after the sale.

The assessor has to assess it based on other similar properties with their SEV.

Located about 1/2 mile from the base of Sabino Canyon recreation area and Coronado National Forest, beautiful mountain views, cut-de-sac, very nice neighborhood.  

Quote from @Brett Siegel: I’m Brett, a 29-year-old general dentist based in Loudon county.

So pretty good equity position within a year plus cash flowing well based on a $325k purchase price.