I used a combination of seller financing, private lending, and business credit to get the deal done.

Its only 5 min off the Interstate, so kind of a unique urbanish, but quaint small town get away for people.  

Hi Tyler,You might look at the viability to combine rooms and create more of a 1 bed apt, might help with long term winter tenants, look for traveling medical if there is that in the area, might be an option vs running the motel rooms and turnover, depending on how you want to manage it. 

We've finally gotten to a point where we have a combination of handymen and contractors we can reach out to depending on the size of the job. 

David certainly brings up a good point about the foreign entities, CA has some unique requirements, so I'd check into all of those, but some states will have those foreign entity costs/requirements as well.  

I guess what I was meaning was there are other areas of the country you can get a better ROI, but if you combine lifestyle with ROI HHI is going to be tough to beat.

I'm pretty confident in traditional BRRRR calculations but this opportunity could be very unique if I can understand the subdividing potential.Thanks all!

You START of having to convince them you are friggin real and you need to prove it.Gee oh gee which method should I choose...You can choose a combination absolutely... but whether you choose a combination or not, WHY would you chose a method that is plain and simply BAD?!

Combine them allWith just about enough education and knowledge , you may develop some kind of tunnel vision to be able to spot motivated sellers.

When you combine that with the property management fees that I was assuming that explains why those deals had a negative cash flow.