So, if things do go sideways, it's much harder to negotiate your way through.And, provided your loan is structured properly and closed with a competent title agent, I see no greater risk working with a private lender than with a traditional one.

I purchased this home back in 2020 knowing full well that eventually it would require a good bit of rehabbing.

If you can't satisfy this 3 point test, there's significant risk associated with pursuing an STR strategy no matter how well the project underwrites today.

Great info and well put together.

We just provide the building.All the best!

Having one left brain and one right brain host was a recipe that worked well for me since 2011. 

Indio is currently STR friendly as well as the HOA but I've heard there may be caps coming soon by the HOA - we wouldn't have to worry yet. 

I’ve heard your concerns, and BiggerPockets is stepping up to provide stronger support and more robust education to empower passive investors.That’s why we’re creating PassivePockets.This isn’t just another platform; it’s our commitment to bringing transparency, education, and a true community to the world of passive real estate investing.To make this a reality, we knew we needed more than just an idea—we needed a partner with deep expertise.

Do you invest in Ohio as well?

That one day trip will be well worth it.