The big thing is the purchase prices are normally low in my area.

I'm looking at purchasing a condo in a ski town/village to use as an STR and am curious what locations others have had success in. 

The market has corrected, and unfortunately, this means that the value of your investment has taken a hit.The main issue is that these properties were purchased at a high basis, meaning you bought when prices were inflated.

Recently purchase a property in Summerville SC , 40 min from Charleston.

While I am there I will be meeting with agents, lenders, viewing properties, and being closer to my rental properties once I purchase them to do the check-in, walk-throughs, maintenance, etc.The other question I run into is what business to put these expenses under.

They typically involve two agreements: a lease agreement that outlines the terms of the lease (rent, responsibilities, etc.) and an option agreement that grants the tenant the right (but not the obligation) to purchase the property within a specified period at a predetermined price.Negotiation Power: Lease options can be attractive to tenants who may want to secure a property for their business while potentially benefiting from any appreciation in property value.

@Jeffrey Albaum @Christian StylesMy flipping biz does ~20 projects a year and we track everything post-purchase in QuickBooks Online. 

I’m looking tot purchase my first home this year and I have been looking at properties that just need some TLC to be move in ready.

Anyone else agree/disagreFear based online content get's the most clicks.

I also was thinking of purchasing the home and converting it to a group home.