Realtors often think that lenders only "take" without giving back and this is a way to give back to your realtor partners.I also love the idea of cobranding or promoting realtors in different markets.   

To determine if this property is a reasonable first investment, consider financial position, market knowledge, and market research.

Also the market and level income (5 miles surrounding the property) is critical and off course the NOI so:I am wondering how you guys evaluate a deal  before investing your money?

We all crave finding a deal, In today's market, that results with a lower interest rate than traditional lending.

8.5% is a bit high on the rate but that's our current market.

I used the maximum on this website. 

Our long term exit strategy will be to eventually sell some of the units as the market recovers . 

Hey all wondering if anyone has any specific method especially for a newbie for doorknocking to find off market leads.

Put the cash in your pocket and escape that market.

After about 3 weeks of researching STR strategies, a few lake markets in MO and AR, and taking a hard look at our current finances, I contacted a few agents in the area to get started.