I started with nothing and aggressively saved for almost a year until I had 10k for a downpayment on a cheap house.Step 2: Join online platforms like BiggerPockets, Eventbrite, Meetup, and Facebook groups to connect with investors and get an idea of what kind of properties to look for as investments.Step 3: Use Zillow to find agents and communicate what you’re looking for.Step 4: Analyze at least 5 properties a day in your target market for six months to understand what it would take for you to make positive cashflow.Step 5 Get pre approved from a bank.

I have a background in lending, have been a Realtor for 25 years, understand creative financing really well...however in all of my asking about this I have not yet found anyone that has successfully closed a subto in a fully legit way. 

One of my clients recently purchased a home in Big Bear for STR and I understand it's going pretty well.Best site to check numbers is directly on Airbnb.

My understanding is very unlikely unless the deal is beyond stellar and you can provide strong financials and experience. 

As a real estate investor, it’s crucial that you understand when and how to utilize bonus depreciation and 1031 exchanges in order to lessen your tax burden, keeping more money in your pocket.

However, I totally understand your perspective as these tasks can pile up.

Man, I'll take 18% CoC anywhere I can get it, provided the deal fundamentals are solid. 

@Martin Nussbaum @Jason CollinsIt is important that you work with tax professionals who understand the unique tax consequences and planning opportunities surrounding STRs.If the average period of customer use is seven days or less (which would encompass nearly all AirBNBs, VRBOs, etc), the rental is not considered a rental activity under the passive activity loss rules.What this means is that whether one is a real estate professional or not does not matter. 

The investment model changed from what I understand, instead of investing in single STR, they created a fund.

I read on one of these forums, where someone was looking for creative workarounds to avoid a down payment, the suggestion to purchase via seller carry, then immediately refinance after closing, which I understand would pay the seller immediately?