When my daughter started a STR company in NYC in 2013, most bookers were people looking for rooms that were cheaper than comparable hotel rooms.

Where can I go to borrow money to give the contractor in order to get the project started?

As a reminder, bonus depreciation started to phase out in 2023.

If you're interested in multi-family, I highly recommend starting out with multi-family with your first VA loan as it will be easier to get a single family residence after that.If you decide to pursue multi-family, you'll want to ensure that each unit is separately metered for utilities (water, gas, heat, electricity, etc.) as this is a requirement under VA financing.  

I have more questions, but this is where I will start.

Sometimes its easier to knock down and start over. :)

Charleston RE market definitely not an easy market to start with compared to other markets I've been analyzing deals on.

You say that you're just starting out so proceed cautiously with what you may be inclined to dismiss.  

If so, you should check out our Austin Investor Social Hour next Thursday at 7!

We feel like this gives us a pretty good background to start, but by no means do we think we know everything we need to yet.The area around UCF has improved quite a bit in the last 10 years and home prices have risen considerably, but it seems like there are still some promising areas to find deals.