Could be genius and we will all see you on shark tank next season!   

Hi members, I'm trying to analyze a deal to determine purchase price for a storage facility owned by mom/pop operator in a town with 10k population in AL to place LOI today or tomorrow. only one other facility in town. 

Maybe as we learn more from our renters this next season.

I have a lender that also does the Refi loan with no seasoning.

New loan - ~70-80% of the ARV (126k in your example - paying yourself back the 100k, plus 26k extra)Closing costs (generally rolled into new loan) - lets say 4k for example (you should shop around to see best option)Total loan amount that you are paying back monthly - 130k (plus insurance, property tax)Dont forget about the seasoning period though!

With the STR’s you will have big months bringing in more money then you will have slower months in the off-season as well.The 20% down isn’t the only type of loan you can use, there are possibilities To put less Down, if you use it as a second home/vacation home.

People are traveling now so it will be a seasonal summer but the market will still be hot.

There are some out there that have really mastered the "how can I afford it" principal.It would be fun to hear from you seasoned and salty investors out there some of the best ways you've "creatively financed" a deal. 

Airbnb app is great, I only use the desktop version once a quarter to set up my pricing for the season. 5 mins a day playing with your phone to manage it, pretty sweet! 

I'm researching a seasonal camp purchase as well as several others for potential STR.