I was never in the Military as you probably recall though I put together a charity with a few other BP members called Aheroshome.org and we gave away a fully rehabbed home in Memphis that Chris Clothier did all the work on and we know the quality of his rehabs etc.

Marie is an old city with a high vacancy rate, declining population, poor tenant quality, and will never see any meaningful appreciation.

It was a nice property, demand was high How did you find this deal and how did you negotiate it?

Many agents will place the first applicant with the necessary funds, take their commission and leave you high & dry with a bad tenant.YOU SHOULD DO YOUR OWN SCREENINGS! 

I haven't really looked at AK as prices are pretty high in most areas that I thought would bring guests and that fact that it is pretty much a fly in area only.

We see it all the time analyzing deals in the market.Lots of investors are lured to areas like the Midwest, which might look tempting with its high returns, but don't overlook the ups and downs in occupancy.

(even more expensive due to volume and high overhead)

We qualify for $1M but not sure if it makes sense to invest that high for one STR.

I have seen local CPA's claim they can help offset high W2's with short term rentals here in LA.

I haven't been highly motivated, just wanting to get in the market when the right opportunity came along.