My credit score is good, but being a self employed investor I stopped going to the banks trying to fix thier pattern 30 houses ago. 

Hello everyone looking to purchase my first STR I currently live in the Poconos in the Marshalls creek area and I've been in the market for about 4 months and researching STR for about 2 yrs and I pretty much know how it works and Im ready to get on this wave being that this market is 12 yrs old and has room for me but I do see a lite saturated market in the business it self in certain areas but again I'm trying to get a piece of the pie so my 2 targets are Poconos and Florida im a little hesitant with Poconos because having low occupancy rates during the winter months because theres been a drout with snow or else we would probably be in the 60-75% percentile  where we would probably be looking around 200 days out of the yr of rentals which im ok with that now Florida they looking at a higher percentile due to the fact that they pretty much booked all yr round so please any experienced  advise in any of these 2 states from a markets point of view im all ears or eyes to be exact thank you very much 

If they did, I'm willing to take that risk because I'm confident in my ability to argue my position, my local judge is pretty fair and reasonable, and I can eat the cost if I lose.Your mileage may vary.

After purchase, self rehabbed by:painting the whole house, brand new floors downstairs with modern baseboards, modern appliances, brand new concrete patio, all led lighting throughout the house, new cabinets and counters in both bathroom and kitchen downstairs.

I do not want to use my self directed IRA to directly buy real estate but can I establish my own hard money lending company and borrow money from it at 10% interest rate to buy real estate? 

This will drive more traffic, as there are many self-employed or people wanting to buy but held back by previous foreclosure/BK timelimites, divorce, etc hampering them from getting traditional financing, and if you're wanting to rent it again quickly, and sell eventually, this would be a good strategy for maximizing your cashflow during the turn.

This type of deal can create risk of self-dealing prohibited transactions.

I know its self explanatory above, but can someone explain to me the reason behind it?

I read it before my first rental and it made me feel extremely confident and do things that seasoned landlords do to maximize protection and profits.Best of luck!

We are also interested in self-storage in the same area.