The major downside is the rugged road through the property.Given these two options, I'm just curious what you guys and gals with the experience think of it and what direction you would go if it were you in my shoes.

I'll be honest I'm not speaking from experience but more from experience from some of our past clients that have STR with private pools have said it helps their bookings.

Basically, befriend someone with experience, read the book on estimating rehab costs by @J Scott to get a ballpark, and get reps.2.

Do the best you can but the face to face encounters are always the most effective in my opinion.

I've discovered that most private lenders prefer borrowers with some experience, which I'm working on building now.My main focus is on my exit strategy.

@James LuctamarIn our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING. our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

How are you planning on flipping out-of-state with no experience?

Also I'm speaking from experience in losing a significant amount of money trying to do something similar. 

How was your experience?

Would love to hear people's experiences in these markets or recommendations of other markets that are more on the "untapped" side.