During COVID area, our town STR was booming, lots of arbitrage operators made good money doing even with those terms I presented.

Old house but fully renovated in 2012 What made you interested in investing in this type of deal?

Expect to pay about 20% for mid-term rentals.Since you made the wise decision to get a 15 year mortgage, ignore any "rule of thumb" you may read on BP or any where else.

Theoretically if you buy something now you are going to have to make at least a 7-8% return in order to make it make sense, regardless of where you get the money from.

Close to the 1% rule and completed with W2 job relo help :) What made you interested in investing in this type of deal?

Converting apartment buildings  (made up of 300-600 sq ft units) that have lots of character and close to downtown to condos was very popular in the boom times (pre 2008). 

In order to best help all of you who want to buy or invest overseas, I figured out it made more sense to answer your questions rather than trying to guess what you'd like to know.So, this is my first post.

Aside from the traditional long-term rental, the borrower could opt for a short-term rental income strategy instead, in order to generate higher cash flow in a peak period and then sell the property before the 12-month loan term expires.

In order to calm your partners nerves, you may consider exploring a more adequate asset type.

I have studied and currently reading some of the books from BP but I haven't made my 1st move since I feel clueless on how to start and I don't have the resources neither.