This is very important though: Every person staying at the resort must be added to your room reservation or they will not be allowed to enter the property, including kids! 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I’ve started at looking at different lenders this week and noticed that some offer grants that cover some cost to close.

AZIf the owner does not want to sell, there’s no fancy trick to get them to sell at your price or to sell at all. 

So don't discount it at all.Don't be impulsive, be calculated.

I have already spoken to various lenders, but the minimum loan offered ($100k+) and especially the LTV required make their offers unattainable at present.

I was living by myself at that time, and was very much into house hacking, but the pandemic hit and disrupted my plans.

And seriously, you gotta get that insurance situation straightened up.Thanks for your input Scott, I do have a commercial policy on the STR at the moment.

Therefore, they might go for the agent who is willing to offer the lowest fee or go directly with the listing agent.For our deals, we will still be offering at least 2% to the buyer's agent because we would rather have a large pool of realtors bringing their clients. 

A lot of people are losing money or operating at breaking even at the moment.