I'm looking to purchase my first property and set it up as an STR.

There is not a specific property in mind at this time, since I am just running the numbers, but if you are interested in a partnership shoot me a message. 

Just like with multifamily buildings, the more modern and move-in-ready a property is, the less potential there is for adding value, which can limit your return on investment.I suggest looking for off-market properties.

@Maciej G.Did he rent the property knowing it has no ac?

Hello BP,Recently, I decided to move out of the house that was my primary residence for four years and make it a rental property.

Here’s a revised version:Hi everyone,To summarize, I’m looking to buy another property in the same zip code, and I’m considering two options:1.

And now I'm wondering if I spent way too much, considering how small my business is and only one property.

It was a slow start to the initial spring 2024 shopping season, but properties are still closing quickly, still nearly 1/4+ for all cash and the majority of investors are well capitalized due to the appreciation of their real estate and stock based assets. 

Plus, investing in a developing area gives you a chance to see your property appreciate as the neighborhood grows.However, there are some things to consider.

I would make a site visit to where they live now and see how they treat the current property.