This was an off-market property.

Mixed-use zoning has been a goldmine for many of my clients, particularly those who started with owner-occupied properties and later transitioned them to full commercial use. 

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

Who is a hard money lender doing fix and rent and DSCR loans sub $100k? Would love if I could find someone willing to lend on $60k-$80k fixers and dscr out with an ARV of $90-120k. Can find these all day but most lend...

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

You can't have an investment property rented out as a group home using an FHA loan.

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.

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).

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?