Again, not to say there can't be bigger issues, but I have had more issues with the quality of construction in modern updates than I have ever had in the original items.  

Educate yourself and prepare for the worst-case scenario before the problem actually occurs.Here's a resource: https://www.kickemoutquick.com/MEMPHIS_TENNESSEE_EVICTION_PR...Read up on that, understand it, and then start taking action.

Hey Bigger Pockets Community!

Bigger Pockets provides the opportunity as a courtesy.

Its not just buy a place and toss it on Airbnb; its a business and it requires knowledge, resources, and recognizing that there are many different ways to have an STR business if you want the ROI. 

I rent every room in my house out that my kids are not in so that brings me  1500.00 more I get 1000.00 from the trust only but grateful I get it  and I have another rental I covertly rented for 1700.00 I am actually working on two more rentable places in basement and a tiny home I got a good deal on to rent as well.that will bring my income to almost 7500 a monthI have a resource to get 140,000 k as long as long provide a house to them they can rent for the rest of their life,they are sick and we talked the terms out as he will sign the house over upon death.

I do however know a few people that have scaled up STR businesses here, like one friend/client who has 12 and there are some bigger players for sure.

They should give you the resources you need to get your first deal!

Next it will all come down to the numbers for the deal to really confirm 80%-90% LTC/LTV on purchase, 100% of rehab (funded in draws) not to exceed 65-75% ARV (depending on the lender, most are 70-75% ARV) Kiavi is a great lender, but it comes at no surprise as their internal credit analysis throws me for a loop sometimes (and shocks me, as very qualified borrowers sometimes still don't make it through that analysis)In short, you simply need to connect with the right lenders and each will have varying rates, costs, fees, etcBill Fay referenced the Hard Money Lenders link here on BP which is a great direct resource! 

Your determination and resourcefulness speak volumes, and with the right funding, you're on your way to making this venture a success.If you have any more questions or need further guidance, don't hesitate to seek advice from the wonderful BiggerPockets community.