I would just note as a lender - its going to be much easier to find financing (and have more options) if the property is more of a traditional SFR / residence versus a cabin or creative type tailored STR property. 

The main hurdle that many of our borrowers face are the income aspect of it, especially expensive markets like the West coast.

There's certainly other aspects that you need to consider such as pricing, quality of photos & overall listing, is it clean/repairs are done, if there's tenants are they being decent to people during showings, are you requirements reasonable etc... 

Lastly, choose a lender who is experienced with real estate investments and can offer advice tailored to your needs.

It's well worth the peace of mind and saving your time to have Anderson take care of all legal aspects of a STR company!

As you prepare to rent it out, it’s great that you’re thinking ahead about the legal and paperwork aspects.

Personally, I've been focusing on understanding local market trends and tailoring my strategies accordingly.

First time posting and getting into the investment scene, I currently have a single family home that was my previous primary, and looking into purchasing my 1st true investment property, trying to find some advice on the financial aspect of the purchase, here's my scenario;Currently going through pre-approval with the builder and I do have liquid assets enough to cover the downpayment for the property (40k) but I do have a car note (41k, 800 monthly, extra 500 to principal monthly) and a Patio upgrade (25k no interest till March 2025).

Additionally, the aspect of a repair versus a service.

STR is also a BUSINESS, the investment aspect is incidental.