I'm looking at purchasing a condo in a ski town/village to use as an STR and am curious what locations others have had success in. 

The big thing is the purchase prices are normally low in my area.

I also was thinking of purchasing the home and converting it to a group home.

I am using a Heloc to fund my real-estate purchases and also to cover the rehab cost. 1.

Recently purchase a property in Summerville SC , 40 min from Charleston.

They typically involve two agreements: a lease agreement that outlines the terms of the lease (rent, responsibilities, etc.) and an option agreement that grants the tenant the right (but not the obligation) to purchase the property within a specified period at a predetermined price.Negotiation Power: Lease options can be attractive to tenants who may want to secure a property for their business while potentially benefiting from any appreciation in property value.

While I am there I will be meeting with agents, lenders, viewing properties, and being closer to my rental properties once I purchase them to do the check-in, walk-throughs, maintenance, etc.The other question I run into is what business to put these expenses under.

I’m looking tot purchase my first home this year and I have been looking at properties that just need some TLC to be move in ready.

Why do you think purchase contracts are so long and have such small print?

The property was purchased seven years ago for 56k in a C- neighborhood, which is now paid off and worth approximately 170k.