The latest podcast touting getting seller to carry notes at 0 interest rates.

Hi Misty,Make sure you have your bank financing set up, that will tell you the percent you need to have down as well as other things.The Roofs and HVAC's may be a stumbling block for some lenders (I assume the parking lot looks like an Alligator) and it may also be an issue a lender wants solved soon after takeover.....What I'm saying is make sure you have a lender lined up who will press the go button on a property like this with OWC unless it's 100% OWC which is worth asking about (as well as length of carry = when you need to have it in lendable shape). just my 2 cents.

You have a gold mine there!

Originally posted by @Jeff Gold:@Kyle Jensen does  the property need work to get it ready for short term rental or it ready to go?  

@Saman Jafari excellent advice to get a cpa and I have no advice…I believe you can always 0 out expenses against the rental income but not against other income unless you are a real estate professional.Related but not the same, things can carry over against your basis.

His experience and capital, and my boots on the ground and leasing carried us through.

With that being said, maybe bank notes would be worth checking out , although they could carry risk.

All the STR site operators know that nothing good comes from renting a property for a party...just state your expectations upfront...knife carrying idiots will go elsewhere.The number #1 killer of STR is a bad review.

Let appreciation, loan paydown, and any cashflow there is carry you towards your next investment.

If one of your 4 units goes unoccupied for a month or two, do you have enough reserves to carry it?