With 200k in investment—we created a destination property that is now commanding over $600 a night with a very high occupancy rate, has received architectural press, and is heavily followed on social media. 

We're jumping into SRT's in Northeast Ohio pretty heavily right now.

I would save, and not spend, any of the incoming cash flow until you have a massed enough to cover your payments at least 36 months out.Meanwhile keeping a close eye on bills, and proposals made in the county, municipal, or city in which your STR is located showing any signs of laws being proposed to ban or heavily regulate STRs, then at least you have time to bail.Also, you should be ready to manage this property yourself, and not use a property manager, or else this will heavily eat into your profits.Just my opinion, but what do I know...

Thanks, Beth I would try to look for hospitals that relied heavily on travel nurses even before the pandemic, these will be your most stable markets going forward.

Hi all,I have been studying real estate quite heavily from books by American authors and listening to podcasts by Americans.

As you will hear, don't rely too heavily on AirDNA.

hey @Sachin Amin I was not personally impacted but I had a member of my JDC coaching Pod get impacted pretty heavily. 

I want to make a plan but I'm curious if a financial advisor will truly help me accomplish my goals in real estate or towards something they are more heavily compensated on.

Right now, I'm looking at Columbus, Milwaukee, and Boston...but am heavily leaning towards Milwaukee because of two things...first, there are tons of duplexes there and the cashflow is great (even after figuring a higher than normal maintaince)...like $300-$350 per unit.The other main reason I'm leaning towards Milwaukee is that I already have two great guys there to build a team with. 

I like to network with other investors in the area and rely heavily on referrals.