STR has a lot more risk given the seasonality swings and I cannot understate the time involved in bookings and customer service.Having said that we DO have STRs here in St Augustine, Florida in prime areas in the $400s. 

*My Grandma also pays the property taxes; I really have no knowledge of what's going on here with this property outside of people living there rent-free.Next Steps: What are the typical steps involved in initiating a partition action?

There are so many people involved in a real estate transaction and it's important for everyone to work together so that the transaction actually closes, and closes on time.

The repair work will likely involve the removal of drywall in order toperform repairs.

However as with any investment there is risk involved the investor is responsible to conduct their own due diligence.There is an existing property and a lot next door that is a blank slate.

Hey guys, late to the party, but I'm heavily involved in investment real estate as a Broker Associate and investor in Fredericksburg, TX as well as our second home in Natchez, MS.

Starting small with house hacking, SFR, or STR, and balancing with a full-time job involves automation and early system building.

I get involved in A LOT of side discussions (when a thread goes off the rails and away from the original post) on BiggerPockets.

I'm heavily involved in the co-living side of things in the Atlanta market and work a ton with Padsplit.Off the top, nice family oriented neighborhoods are typically a no-go for rent by the room and even more of a no-go if it's in an HOA.Please feel free to shoot me the property address in the DMs and would be happy to provide some feedback!

If you are interested in investing in the U.S. market I think that there are better options depending on how much capital you have available and what level of involvement you are looking for.