@Jason ShynHi jason,We have an STR in big bear city We bought in April and finished in JULY so far we have been ok and only few weekends left this year.I would be very careful and choose the right cabin,with home prices now its tough if you can recoup your expenses.I would do research on similar cabin sizes youre buying in the area and checking theyre booking also,BBL has more regulations than BBC and make sure you can be issued a permit.For the right cabin and the right price YES its still doable..Good luck happy investing.

What he bought at the rock bottom of the market is now selling at the top.Even after dealing with a problem electrician and the city shutting him down for a couple weeks, he finished in great timing with minimal holding costs and is making a hefty profit.

A good video that was helpful to me starting out is: How to Analyze a Real Estate Market in 60 Minutes - Know More than a Local Expert - Neal Bawa… (BP frowns on link posting… so copy-paste in google, it should be 57 min long).For some other let’s say high level book on the “start-to-finish” for MF investing, helpful to me are:Wheelbarrow Profits by Jake and GinoMultifamily Millions by David LindahlEmerging Real Estate Markets by David LindahlCreative Cash by Bill Ham (helpful for ‘seller financing’ options)Once you get through the “philosophy” of these, some more “meat and potatoes” digging into the actual numbers and case studies:The Complete Guide to Buying and Selling Apartment Buildings by Steve BergesThe Complete Guide to Real Estate Finance for Investment Properties by Steve BergesYouTube has some good underwriting resources:Break Into CRE with Justin KivelThe Multifamily Show with James Eng at Old CapitalAdventures in CRE with Spencer BurtonBruce KirschLocal meetups… you’ll learn a lot from other investors in your market… an active local REIA is UCREIA (Upstate Carolina Real Estate Investors Association) they have a monthly main meeting and then various sub-groups that meet monthly as well.Ben Jones and Ivan Jenkins run Multifamily Investor Nation – Greenville, SC sub-group, they do a hybrid with in person and virtual together.

So after rehab I'm around 90k and using money from savings to finish as well as what's left from the refinance.

I just finished my first build. 3/2 single family home.

I did essentially a half BRRRR, finished remodeling the main house and refinanced with a commercial lender 2 months ago that limited me to ~50 LTV.

If the landlord is paying heat, cooking gas and electric, the voucher will be higher.

With the prices you've mentioned on the first 2 purchases and assuming accurate numbers of 100k equity when finished with rehabbing I would tell you to shoot for the small/mid sized apartment buildings if your market has them for a reasonable price.  

I did essentially a half BRRRR, finished remodeling the main house and refinanced with a commercial lender 2 months ago that limited me to ~50 LTV.

We would place the condenser on the roof so it would be out of sight and not an eye sore.The question: Since I'd be turning this into a modern home with nice finishes will the property appraise the same way regardless of if it has HVAC or a mini split system?