Thank you SO MUCH for any advice you all can offer!

If a buyer is offered a 2-1 buydown (starting at 5.25%, increasing to 6.25% and then to 7.25%) with all closing costs covered except for $3,000 (to be paid by the buyer) on new construction through the seller's preferred lender, and signs the purchase contract in April 2024, the house will be completed by the end of September 2024.

But we basically followed David Greene's advice for finding a realtor in Long-Distance Real Estate Investing.Here's a summary of what we were looking for:* An agent who has experience being a landlord/investor and so already shares our perspective (looks for opportunity rather than curb appeal)* An agent who knows the Alexandria area well* An agent who doesn't mind showing us many houses and writing a bunch of lower offers* An agent who doesn't mind sharing their opinion about a property being wrong for us so we can move on to the next oneThere are many great meetups here.

Quote from @Jesse Turner: Feel free to DM me about the AirDNA questions :) I'm looking for a community bank or portfolio lender who can offer a vacation home loan with a 10% down payment.

But it’s standard practice for many.

I have experienced cash flow anywhere from 10-18% with so much more to offer.

That said, the key - number one role, of any STR is to optimize revenue and STR is all about marketing and positioning the offer (the listing) - getting the pricing, photos, and copy correct in addition to delivering an A+ experience. 

Over the last 6-7 months, I’ve been doing my best to “get smart” on real estate investing, starting off with Rich Dad principles, which led to Rich Dad Advisor (McElroy, Sutton, etc.) audiobooks, which led to BP podcasts and doing YT research on tax benefits…I’m feel ready to take action and start putting everything into practice but still not certain which method is best for my first investment property.

Got this note from VRBO today:Dear Partner, We are writing to inform you that effective July 1, 2024, California Assembly Bill 537 will prohibit advertising, displaying or offering a rate that does not include all fees or charges required to stay at a short-term lodging (except taxes and fees imposed by a government on the stay).

It wouldn't be, but it's also a fund made up of US Treasuries, so you get practically the same amount of insurance since both are backed by the US Govt.