After a great rental season, I used a combination of the income generated from the first STR and some savings to use as a down payment for my second STR condo that I financed with a private lender.

I've got a similar sheet, but have broken out to capture the seasonal rates in our coastal markets. https://docs.google.com/spread...

Hi everybody-We have our first STR in a tourist destination and had a very successful first season.

We have purchased a piece of land and intend on running a seasonal STR on the property.

Purchase price: $800,000 Cash invested: $247,000 Sale price: $1,690,000Mobile home park with 35 pads, a duplex, and 20 unit storage facility in the Charlotte metro area.What made you interested in investing in this type of deal?

You're paying someone else for that luxury but it does nothing for personal wealth building.Lenders require 6-12 months seasoning period for a cash-out ReFi.

Because the amount of “seasoned” realtors that dislike what we do in wholesaling is huge.

Even though a majority of the custom homes I did wanted tankless because they were cool and green....Most tanks last far longer than the expected 10 years and the new ones are very efficient.....Did a search ...https://www.consumerreports.or...Main takeaways are: 1) they are very close to the same cost to operate per year 2) the payback time on the tankless is about 25 years.....Plus tanked heaters are a good source of water storage in the event of an event like earthquake or such.....

Yes, we are in the slower season right now, but that definitely balances out during the chaos of the summer. 

Can you figure out numbers on a storage units using the Rental property calculator?