It does not mean you can't write a lower offer.

I am about to close on my first STR in Panama City Beach, and would like to try and get people in there for the winter months to help cover the costs and lessen the maintenance burden. 

Of course I only invest locally so I am able to keep a pretty close eye on the places I get.

I can that zillow is generating views close to 10 every day but no contacts so far.How do you approach the situation when there are no comps for your condo?

Cause as I see it -in sub2 you don't have to put money in the deal + the rate for the mortgage is lower most of the time, but the work for find the deal and get the deal done is hard.with brrrr it's easier to find the deals, I mean you can also find it on MLS but you have to put money of front and get it back when you refi...so I'm little bit confusedthanks

Sorry for being long winded but my grandma always said "closed mouths don't get fed"..... so FEED ME!!!!

You really want to be close. 

I haven't really exactly figured how much I will need for the business, but I imagine $25,000 would be plenty initially.As a rough estimate, I imagine if I put 20% down + 5% closing costs on a $500k property (what I consider to be an average/nice house in my area), that would still leave me with $165,000 in savings.

Anyone close a deal using this app?

Only, their rent is extremely low because they used to do construction work for the previous owner in exchange for a lower rent.