If you go farther south in to Shelby county, prices go down.

The main thing you will need to do before renovating any house or building is to make sure you have a good team in place (an administrator or a licensed care home manager).

What are the pros and cons of building from scratch for the purpose of STR?

You don't want to rush to partner just to get your next property.If I was new again now and didn't have the capital to get my second one, I would go to every meetup in my area, meet other investors, and build relationships.

Build the relationship with them.

I've been using prop wire and have compared it with the county records, there certainly is a minor discrepancy, but for the most part it works really nice!

This deal is based off a real tax deed auction property in FL:1912 Sq ft 3/2 SFH in Bay County- ARV: $415,101- Estimated Monthly Rent $2,984- based off 6 comps within a 1 Mi radius.- Adjusted Purchase Price/ Max Bid: $210,840.80- I start with the 1% rule (thus why I start the analysis by looking at rent) and then adjust the price based on the potential pay-out from a cash-out refi and equity position on the property- more on this in a second. - Potential Investor payout (15%): $242,466 - Rehab total: $76,480.00- I just used $40/ sqft for an estimate.

I believe my experience in the market can be valuable for both buyers and sellers, but I'm also eager to learn more about building a strong real estate investment portfolio.I'm particularly interested in BRRRR strategy, short-term rentals, and multifamily investing.While I sleep, eat, and breathe real estate most of the time, I also enjoy sports (go Vols!)

Determine what your financial expectations are for an investment property, run your numbers very conservatively (and for gosh sake, include room for unexpected costs, even on a new build) and then see if it makes sense.

I will say depending on the cabin build depends on the savings (log vs hardieboard).