This was an off-market property.

For example, if I want to help him with a down payment on a property he’s purchasing.

Looking to connect with others in the area who are buying long term rental properties.

Multi family properties here in the valley are tougher to come by than a lot of other states. 

Im a college student currently working on my capstone project where Im aiming to build a property management software.

This is particularly beneficial in popular tourist areas where demand for short-term lodging is high.Flexibility: Owners can choose when to rent their property, allowing them to use it personally during off-peak times.Support for Local Tourism: STRs provide a unique lodging option for tourists, helping to boost the local economy by attracting visitors who may prefer a home-like stay over traditional hotels.Diversification for Investors: STRs provide real estate investors with an additional income stream, especially if they own properties in tourist-heavy areas.Cons:Strict Regulations and Higher Fees: San Antonio recently updated its STR regulations.

I'm wondering if the same lenders who financing STR's would consider Padspits.You may want to check this, but I would imagine that renting via Padsplit would be considered as a STR which have been highly restricted in the city of New Orleans, and the only way you can get a permit recently is to also live in the property.

Purchase price: $101,000 Cash invested: $120,000 This is my first investment property and I’m hoping it goes well What made you interested in investing in this type of deal?

I was curious to hear how some of you have found investors for your properties? 

For example we took over a property from another management company and they only provided us with the lease and ledger and refuse to give us the application (this has happened many times).