If you're the type of investor to leave lucrative vacation rental investment to luck, then this post is not for you..It is intended for those that are looking for a fool proof strategy and tips to finding, assessing and buying an STR in the mid to near term. 1.

Good luck on your journey and reach out if you have any questions. - Chris Kersey 

One thought is to reach out to the HOA and negotiate a community wide package contract with a single vendor for Home owners insurance.

I am willing to invest in renovating the place to reach profitability.What I am looking for: - Decent margin of safety as opposed to highest yield possible.- Low operational cost- Good seasonality markets- Should be easier to operationalize service via property managers remotely.What are some of the strategies that have worked?

:🔹 Map Your Touchpoints: Reach out at optimal times, provide pertinent info early, and maintain the right number of touchpoints.

The home is 1,841 square feet and was constructed in 2009.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

check out my previous post about my care home journey) and reach out if you would like more info..https://www.biggerpockets.com/forums/48/topics/753142-my-ral-residential-assisted-living-care-home-journey

With similar 3 story properties reaching 600k you can see huge potential this presented.

However, after years of disciplined saving, I've finally reached a point where I can make my first property (a small apartment) purchase last year.

Many out-of-state investors have grown their portfolios in Cleveland using the BRRR strategy.