Hi Jen,When considering the purchase of a condo for short-term rentals, especially one that’s around 40 years old, it’s essential to approach the process thoughtfully.

Check your county/city regulations, check your HOA regulations (if you have one), and see if there are any AirBNBs in your area/neighborhood.

One challenge we faced was managing the renovation timeline within a competitive market.

It is a moving target and challenging so you aren't the only one dealing with these challenges!

From one of our sales, We were also advised that if this property sells to a third party at a sheriff sale, and we cannot provide the department of revenue inheritance tax lien certification, the Allegheny county sheriff will not issue the deed until they receive a copy of the lien certification. 

  - You're probably asking "ok now where do I find one of these shops" I'd start with meetups, specifically for commercial, but you'll likely just be looking for names I doubt the people will actually be there. 

This is the one Sherry Patterson hostsREIAF - VISIT HERE - Wholesaling group that has TONS of members doing big numbersTexas Tuesday Real Estate Mastermind – VISIT HERE - it also has a facebook group that you can search for

Also, one shows that we are not perfect, but we are always here and always working to the best for our investors.https://www.biggerpockets.com/forums/12/topics/1076169-rei-n...https://www.biggerpockets.com/forums/52/topics/997655-rei-na...Again, best of luck to you as you get started, and should you choose to work with our company, then please reach out and connect with me.  

More than anything else, you have to show you were the first one to show them the deal and that you had a pre-committed agreement and fee for bringing them the deal.

I had about 1 million cash to invest, didn’t want to take a loan, and always purchase in one coastal mid Atlantic area where I have connections, know the market, and growth prospects are strong.