Purchase price: $450,000 Cash invested: $85,000 Short-term rental that emphasizes on-site amenities, creating an environment that creates an unforgettable experience to each guest.

However, on the down side, it creates a very "buyer/customer beware" environment.

We are making adjustments to processes as the COVID-19 environment demands (working with title companies and lenders to figure out virtual signing of closing docs, etc), but overall, Kansas City real estate is still rocking.

In my opinion, and echoing the sentiments expressed here, this is an area with solid, predictable, consistent tourist traffic and limited "traditional" lodging opportunities, which is a good environment for STRs - but the market is quite competitive, and a top-notch experience and some sort of hook or "niche" will be necessary to keep your property at higher occupancy. 

Its a family environment of like minded people who are truly amazing!!

Yes I agree in any environment to go in with your eyes open.

It's a commercial property (5 units) so 75% LTV may not be available, especially in this tightening credit environment.

Not wasting time worrying about what is going to happen in the macroeconomic environment. 

In this environment, run your numbers super conservatively.

I work in the I.T. field were daily, weekly communication is the key to working in a remote environment.