Good property management can mitigate some risks and handle tenant issues more effectively.Ultimately, some investors are drawn to these markets because they see the unique long-term benefits as outweighing the challenges.

My suggestion would be to select someone with the most forum posts or most reviews.

I wanted to build because the area I’m looking is pretty competitive with STR’s and it has to be something unique and attractive and I feel this will be easier to accomplish building new.

DSCR Loans can finance property types that conventional loans cannot (non-warrantable condos, condotels, unique properties or mixed use properties...)Jay was going to say those things as other Ifs i am pretty sure!

If you are going to complete the BRRRR method in a lower tier neighborhood, select a neighborhood with the fundamentals that indicate the neighborhood will transition to a neighborhood where home ownership will become more prevalent.

However, you have to be very, very selective. 

We specialize in working with REO, real estate agents & brokers, institutional & private investors, and homeowners, offering solutions that meet the unique needs of each project.At Nuovo, our core values are at the heart of everything we do:Vulnerability: We maintain open lines of communication, ensuring transparency throughout every project.Integrity: We approach every task with honesty and a commitment to doing the right thing.Innovation: We constantly seek new ways to improve processes and outcomes.Adaptability: We embrace change and are always ready to adjust to meet client needs.We believe in creating a fun, open, and trusting environment, both within our team and in our client relationships.

Chris Voss calls it the Accusation Audit, where you start out by listing all the problems and costs, and then ask how can we get this done.Every deal and seller are unique, and the goal is to find out their motivation and how you can solve it, quickly.I would definitely re engage the broker in the week to come to see the activity on the deal, and if it has tradedGino

A unique funding source4.

I specialize is finding unique solutions to novel problems and have a robust team/network of quality contractors.