Small-town vibes can be gold for Airbnb, but make sure there's demand.

If you are an agent focus on finding buyers and sellers.

But if you focused on doing things right ethically an the right waay, motivated sellers would bend over backward to reach you.

Lock the seller up ASAP, don't hesitate if you can help it.2)  Include your assignment fee within the price you give the end buyer. 

Big demand in the area.

Selecting the right location and property type is crucial to maximizing rental income and minimizing vacancies.Airbnbs: Your initial capital could cover the down payment on a property in a location with high Airbnb demand.

Ie. does the seller need to be in, or close to, pre-foreclosure, or in a tough spot?

I like the idea of just doing a DSCR loan though like Michael suggested.Some other things to consider:Will the seller of the second property take a short term note for the balance of the purchase price after you eliminate the debt on it?

I had wrapped my head around residential not around commercial, But to me the deal seems amazing - you guys tell me 8000 sq. ft building7 storefronts on an active downtown street (all rented and currently have tenants)34 unit mini storage in back lot (29 units rented - the rest of the unrented are being used by the current owner)Asking price is $798,000 and owner is ok with seller financingAfter sitting with them today the owner who is 83 said he is ok seller financing and verbally agreed to $715,000 and a 4% interest rate, 30 year note, $100,000 down payment, no early payoff penalty - my lender and real estate agent both came back valuing the property as it sits at $840,000Income = Rentals ($5075) Storage Units ($1935) = $7010speaking with the owner he hasn't raised the rent on either the storefronts or mini storages for almost 10 years - looking at comparables in the area we believe we can raise the rent and storage units easily to push the income up to $10,000 a month 4 of the 7 Tenants have been there 5 years plusCost = Including estimated payment, taxes, insurance ect. would come to a monthly of = $4450that would cashflow $2560 a month at its current with the potential after purchase and rent adjustments cashflow $5460 a monthPending an inspection the property looks in good shape with little to none improvements needed at this timeA quick background I have had rentals before on the farm we own, three houses we rented out so I have some experience) My QuestionsIs this a good deal???

The 161 corridor between Columbus and Newark should see an increasing rental demand.