Because any great vacation destination will provide you with opportunities to create a profitable STR scenario. 

Do I need to start at different price?

Best price house in the zipcode though in a good B area. 

If anyone is interested in my contracting services, or assisting with future investment opportunities please contact me and I am happy to respond or help. 

Purchase price: $150,000 Cash invested: $100,000 Recently completed a purchase and renovation of a multi-family house in Cleveland Heights, Ohio (BRRRR Method).

Purchase price $240,000, rehab of $40,000, probably worth 320000 after rehab. 

While the obvious caveat to this is a slightly higher purchase price (if you choose to do so), there are a variety of benefits to this strategy as well, such as:- The idea of getting a Lump Sum Payday (from the bank) AND a steady stream of Passive Income from you as an investor for the downpayment is incentivizing to most. - If the seller is desperate to close (due to health issues, family problems, liens, etc.), they may agree to Seller Finance the small amount in order to ensure the deal makes it to the closing table. - You're minimizing how much is coming out of pocket when closing arrives. 

You shouldn't do the PMs job, you are paying them, but as the first time working together I would use it as an opportunity to learn and establish the relationship.

Hey Dan, Have your lender price out at different LTV's and see if that helps (instead of getting the max cashout). 

About 95% of people I have talked to that have preached to me that they are getting into a great deal in these area for these prices, end up wanting out and are trying to offload.