I took on 4 buildings - 2 of which were highly distressed.

The sharks at the meetups will be obvious avoid them and build relationship with everyone else.

Financing is a crucial factor when finding your next rental property, and there are numerous ways to secure the funds needed to close a deal.We want to hear from you!

Unless you also had plans for new builds in the near future, in my opinion, there's much better investment options available in the immediate area

My question is while I was looking on redfin, I found a big 14-unit buildings that is for sale around $3 Million.

What are the pros and cons of building from scratch for the purpose of STR?

The main thing you will need to do before renovating any house or building is to make sure you have a good team in place (an administrator or a licensed care home manager).

You don't want to rush to partner just to get your next property.If I was new again now and didn't have the capital to get my second one, I would go to every meetup in my area, meet other investors, and build relationships.

Build the relationship with them.

That said, there are a ton of factors that could push that price up or down.