One of the benefits of new builds is that they tend to attract tenants who are looking for a fresh start and a place to settle down, which can help reduce the kind of headaches you’re dealing with now.If you’re ever considering expanding your portfolio or want to explore other opportunities in Indy, feel free to reach out.

I own multiple properties in the Caribbean and not a stranger to foreign deals and owning foreign assets.

Do I need to lower my standards or try to find alternative ways to source deals? 

I'd like to free up some cash so that I'm ready to close on the next great real estate deal that I track down. 

With that being said, you can build a successful STR if you win on two fronts (to simplify it)The real estate side and the hospitality side (operations).The real estate side is buying a very good deal in a market that has a history of vacation rentals in my opinion. 

These types of investments could help you hit your goal of expanding your portfolio faster and with less capital compared to your local market.Leveraging Your Real Estate License: Since you have a real estate license, you’re in a great position to find off-market deals or help yourself with transactions.

Originally posted by @Jason DiClemente:@Jay Hinrichs I've done HML deals before, but never of that size, so I cant comment on large deals like that. sorry meant it for the OP  not you specifically. just trying to lay out some reality.bigger money deals are not like 200k HML flips   were lenders will take a stab at newbies or a company like DHM will come through at some point

If not, how do people typically get started with their first deal?

The insurance policy is likely to provide you with far more protection.Be careful you don't create a self-dealing situation with you and your management company, which is really you.

What made you interested in investing in this type of deal?