It's a bit of a quiet area but local people may find a STR of interest there.

I'm so thrilled to meet others with some experience in this space.

I would like to get some local networking going here in Sioux Falls, SD.

My go-to with smaller value properties is a commercial loan, which usually is based on either 15% or 20% down and my favorite lender locally for this is currently between 5%-6% depending on the rate-lock period (between 3-10 years) and the loan is amortized over 20 years.That's my go-to strategy. 

Mathew, From my perspective you need to talk with local real estate investors and a quality realtor to determine what is needed as well as paint choice options.

What are the local regulations to be aware of?

Once you get closer to making the move, reach out to local agents to get up-to-date info from the MLS.

I’d love to meet investors, agents, wholesalers and anyone in the Florida market willing to share any knowledge about investing in the area.

To me this includes being members of your local REIAs. 

Looking forward to meeting, learning, discussing and hopefully partnering with you all!