You can also use previous experience in other STRs to satisfy the 12 month requirement by most lenders. 

Units will be from 1200 sq ft to 1400 sq ft each.Really would appreciate all thoughts, advice, experience and guidance on pursuing this project further.Thanks again to everyone at BP.

Can someone with experience please weigh in on this? 

I didn't want just a house, I wanted an experience, a destination.

A lot of the companies can run a report to show you the numbers if there are other rentals in the area.STR's Condo's pretty much manage themselves and you can probably do it yourself if you have a little spare time as a learning experience.

Hey BPers,  I've been casually reading about Peer Street and Fund that Flip and am curious about people's recent and long-term experiences with these services. 

I want to create a different experience for my tenants.Outside of real estate, I enjoy my day job as a psychologist and relationship coach. 

Depending on your experience you'll likely be somewhere between 75% - 90% of the purchase price and possible up to 92.5% if you have lots of experience as well as experience in the area.

I would just say that recently in my experience diversifying out from STR into motels/boutique hospitality has been high risk and set some people off path - it can be a very lucrative and good move - however, if you are having a lot of Success with traditional STR - it seems like a lot of people are looking back and saying they wished they stuck with that and expanded with what was already working!

You will find some good feedback based on experience from people who have done it before.