And find out whether they would require a liability waiver from each guest.

Pro tips: Boost credit (aim for 670+), get pre-approved, find a savvy lender, and get creative—think home equity lines or teaming up with an investor.

So my challenges will be either to find a lender willing to accept debt for the down payment or raising the entire capital stack but I'm not sure I would have enough 'friends' to raise that much and the more members in the LLC, the more it acts like a security.When I stated 'avoiding the bank requirements,' I was referring to the process of going through committee approval, extra documentation, negotiating any covenants, etc. 

If you can pull out an extra $20K a year I would go that route with the STR and you can use other VRBO's/AIRBNB receivables to find out local annual ROI/NOI.

Often they will tell you what they're having a challenge with (like finding off market deals, a reliable property manager, etc). 

Maybe it's just finding the right lender. 

My name is Bradley Miller, and I am the Marketing and Business Developement Manager for Jamison Management Company and TMC Property Management, overseeing a diverse portfolio of properties in both the South Bay area of California and the Tulsa Metro area in Oklahoma.With a strong passion for real estate and marketing, I have dedicated my career to fostering positive client relationships and enhancing the tenant experience.

Hey Daniel, Unfortunately, in this market, finding a hard money lender to finance the entire purchase and rehab is unrealistic.

You can also find real estate investing groups through meetup.com, facebook, or a Google search.

The tax assessment values the property at $56,000, but, on the contrary, I find tax assessments tend to be conservative.