Good morning all,I'm reaching out to tap into the collective wisdom of this community regarding a potential investment opportunity I'm considering.

So I've found a regional vacation market, the Poconos, that seems like it has properties in my price and potentially sufficient cash-on-cash returns to be worthwhile.

A loan option you could look into that will potentially preapprove you for more is a DSCR (Debt service coverage ratio) loan, which is based on the rental income of the investment property you are looking to purchase, instead of based on your personal income for a conventional loan.

You could use a 1031 to avoid that, but then you have the 1031 fees which would also eat in to your potential profits.

Additionally, thorough due diligence on potential replacement properties and their income potential would be crucial to optimize the 1031 exchange strategy.

From crafting compelling listing descriptions to leveraging social media platforms effectively, attendees learned how to attract more guests and increase bookings.Revenue Management: Maximizing revenue is crucial for STR success, and attendees gained valuable tips and techniques for optimizing their pricing strategies, such as implementing StayFi to build valuable email lists of potential repeat guests.

It actually held up the potential purchase being owner/occupied.  

What neighborhoods have some of the best growth potential?

I am also potentially looking to expand into managing mid-term and short-term rentals.

Utilizing a combination of these tools can give you a well-rounded view of the potential costs involved in building a house from scratch.