Legitimate hard money lenders and private lenders may not ask for business taxes, bank statements, or other documentation but they will ask for much more money down, their terms are usually 12 to 24 months loans, and higher interest rates.

Please feel free to comment on my post and refer seminars, forums, or books that would enable my understanding of how to become a successful real estate investor. 

@ sole Angel Identifying a legitimate lender involves asking pertinent questions to gauge their credibility.

Selling the property offers a significant cash sum, enabling you to potentially diversify your STR portfolio by purchasing multiple properties outright, fostering a more passive income stream.

This would enable us to expand the list of potential properties, increase the odds of winning auctions, and still generate a similar sized profits.

As much as I'd like to find a legitimate private investor, I am now leery of who I am talking to, which leads me back to "larger, super high interest prepayment penalty corporations". 

Anyone have experience with this company or know more about it?
https://www.getaway.co/faqs

Last year I got my real estate license to enable me to look for deals and help other investors with a similar mindset as myself find places to start their real estate journey.

Using a property management system (PMS) enables you to bring automation to all major areas of Airbnb rental operation (cleaning coordination, guest communication, digital self-check-in, review requests, pricing, upsells, and finances)The bottom line a busy physician with a fairly high W2  can pass material participation tests (100 hrs AND more than anybody else), claim tax losses from his or her STR business and save 6 figures in taxes without working full-time in real estate. 

Hey James, with a price range like that Columbus and Cleveland OH will be a standout choice, in these cities, your financial resources will go a long way enabling you to assemble a diverse multifamily portfolio and initiate a steady stream of income.