I personally wouldn't buy anything that isn't already a permitted STR because I wouldn't want to go through all the steps to make sure it is ready.

I'm not a horse person, but think about what a great setup for a someone with horses would be and curtail the sites for your target guest.

They wouldnt do the deal because I don't own my primary residence.... seems odd to not lend on a 1.4 DSCR property700+ creditI've been a landlord for 6 yearsThis is my second BRRRRMake $100k per year.I dont own my own residence because I moved from Pa. to Fl. and am renting until I find an area to live more permanently.Luckily the asset and my personal finances were enough for other "asset based" lenders to do the deal, and Lending one lost out on future deals.

I personally have each of my properties setup in their own LLCs (no biz license required where I am at) and then have a personal liability policy to cover myself as an individual in case someone got through the LLC wall.

Go visit the planning and zoning department in person.

@Manwell ReyesI haven't personally done one, but have several clients that have a bunch. 

@Emily Beatty After experience investing in both, I personally prefer Lexington primarily due to my thoughts that it has a better future than Louisville but both markets have great investments out there.

You will need boots on the ground and someone that can give you personal experience for you to grow your portfolio and also be your go-to for connections locally.

If the floor is 10 years old and had a life span of 30 years, you charge her for the remaining 20 years.

Its not something we do so I would not be the person who can assist on the exact way to do it, but there are several here on BP that can assist.