It's also worth noting that, given my community development background, the intent is to help them refi into traditional financing after they've established a payment history.

I'm considering investing in STR in Hawaii to diversify my investment portfolio (mainly for capital appreciation) as well as it being a regular vacation place for my family.

Please note that I'm more active on my main socials, not here, so it may be a bit before I see your message.Have a killer week!

there was a group of 8 of us that pooled money in a Cabal myself and one other were the main money guys the others put in smaller amounts and when we won one.. we would divy up interest prorata to the amount contributed.. this kept those guys from competing against us and for sure we bid up newbies .. really the only ones that would beat us were those that wanted to live in the house and would just go almost all the way to retail or above .. or someone bidding on a second thinking it was a first and no one is going to help you if you dont know what your doing.. this is a very caveat emptar bizz.

I'm fine with doing some minor fixes and improvements to a property: Adding overhead lighting/fans, better flooring, maybe redoing a main bathroom.

Compliance costs can really make it though for a startup if you don't intent to explode.

Main question in other countries is ownership and taxes.  

We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

If you’re renting an apartment building to mostly Section 8 tenants, the main difference from single-family or smaller multifamily properties is scale—you’re dealing with more units, so you’ll need solid systems for maintenance and tenant management.

That 36% rent increase while keeping happy tenants shows how smart and intentional you are about building relationships, not just cash flow.