If you've got an area (or at least state) in mind where you'd like to purchase, I'd suggest reaching out and nailing down some details for a few DSCR lenders :) (I also strongly suggest taking the notes in OneNote, Google Doc, Word Doc, etc - anything that you can search and edit in your computer.)

It's really hard to compare the two.You hit the nail on the head.

I do not have condotel experience, but a lot of STR experience where there is often fierce competition.Since you do not have control of anything outside of your four walls, looking inward you nailed it with top tier design, and of course price.Try to think outside of the box, adding something like an arcade game, pool table, additional bedding options (like Murphy beds). 

As either an agent or an investor, I think you hit the nail and it's that: (1) you want to build your resources/team/contacts (2) especially in the beginning, you'll typically want to make sure to choose a path and/or a specific discipline that meets your goals to avoid shiny object syndrome and info overload.

Hey Austin, you nailed it. 75% LTV on that $100k property would cover your payoff and give you $10k to cover down on closing costs.

There is also no cap on using bonus depreciation- there is a cap on utilizing passive losses, which is $150k. 

Really nail down getting your team (Lenders, Agents, General Contractor, Property Manager, Attorney, and CPA) put together, and maker sure they all have experience working with investors.

The late filing penalty is $195.00 per month per member/partner.  4 members 18 months late the penalty is $14,040.00When your only tool is a hammer, everything looks like a nail.

His brother the plumber got nailed for $90k. 

Also, Kyle- I am trying to nail this down to specifics so I can learn more.