The main issue with multifamily STR deals is financing.

Yes, businesses repossess cars that have been financed.

I found it through a wholesaler, created a relationship and he accepted our offer How did you finance this deal?

Creative finance is definitely a great strategy right now.

@Devin CutlerI can finance your HELOC funding request.

Finding financing and deals is not the area where I'm struggling getting started the most, but it's whether I need to seek out a professional contractor to hire and do the rehab or take the time and effort myself and do the cosmetic work/repairs the home needs.

There are a lot of "micro-skills" required: finding a great deal, forecasting returns accurately, financing it, hiring and managing contractors (difficult!)

Mike, I would love to connect and speak about the area and the different strategies, creative financing, and tools needed to succeed in the Myrtle Beach market.

If a good deal comes up that I can only get 10 or 15 years, then interest only helps or if it's negative cash flow, get another with positive cash flow to balance things.Seeing how 85% of my properties are seller financed or "subject to", sometimes I get terms that I can't change and sometimes I can dictate what I'll pay.

Seller finance would be your best option in a market like Florida if you are looking for it to cashflow right away.