Happy to map out a game plan for you to not only qualify for this first property, but set you up for success for future properties.Best of luck!

A STR is a commercial hospitality activity, so the property should be set-up and treated as such.   

The stage is set, the spotlight awaits—embrace the journey, and let your dreams take flight.

Probably rare in a rural setting in.. an urban setting you can almost count on it.the othere issues will be title insurance when it comes to a lender policy.

My team and rebab guys are down here and I'm all set up aside from a inexpensive maintenance guy I'm still looing for.

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best

I certainly led me to thinking that residential assisted living homes (RALs) may be a valid venture to dive into over the next few years.That being said, I am interested in connecting with anyone who has had any experience with RALs, and similar types of settings, specifically within the states of New York and New Jersey. 

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With the appreciation you get plus the cash flow it could set you up for a larger purchase in cash a few years down the road.  

@Jason Schwerin I would definitely set up this company and have all your properties managed thru it.