Investors often buy these properties with a plan to gradually upgrade units and increase rents, or even redevelop them down the line if zoning laws permit.

Buying a STR has been on my mind for a while, but I got so overwhelmed with all the information online.

Investment Info:Single-family residence buy & hold investment in Atlanta.

I invest in other midwest markets (Memphis and Detroit) but I have purpose stayed away from multifamily just to lower my chance of a bad tenant.

Investment Info:Single-family residence buy & hold investment in Atlanta.

It runs the fourth Tuesday of every month and is an excellent chance to network with other investors.

MelvinPerhaps you can BUY their property from them on WRAP Around financing basis You pay them on a WRAP AROUND Note (eg. perhaps $1.00 over their existing loan balance) of where they can LEASE the home you and also give you an option to buy SUBJECT TO their loan if or when you exercise the option.

Give me a shout when you get the chance so we can make things happen! 

Its just human nature to buy or change lifestyle as one gets more successful but not at the expense of pilfering the projects. 

The issue is that the relinquished property in Boston is held in our partnership LLC, and in order to satisfy the 1031 Exchange requirements, we *MUST* close and take title under the same name on both the buy & sell side.