And yet another, recording a memoradum of purchase agreement to cloud title and then not releasing the memorandum in order to hold the property hostage for a fee, is a serious legal issue.And another, signing a purchase and sale agreement without the intent or ability to close, is fraud.

Many lenders offer up to 85% on investor financing for a 1-4 unit purchase transaction. 

What price point would you be targeting for this purchase?

I am hoping to pull pull out the cash from the home to make a large purchase.

The appealing aspect here is the ongoing population growth and other economic factors.

I also retired my mother with STR property purchases. 

We financed the Pennsylvania Ave deal using Partner Driven's capital, covering the $28,000 purchase price.

How do you know you purchased an overall good deal? 

As a business we run a note fund and also syndicate notes that we originate or purchase.  

I am particularly interested in purchasing my first investment property as a short-term rental (STR).After analyzing recent data from AirDNA, I have identified several promising areas: Douglas, Saugatuck, Fennville, and I am also exploring opportunities around Stevensville and New Buffalo.I understand that regulations around STRs vary widely, and I've taken the time to study city maps to identify areas where they are still permitted.