My strategy is to stay in my local area (I know it well and can self manage for now) and acquire 1 STR a year using cash and equity on each new home.My questions---Currently in escrow on a 2nd STR and in the midst of choosing financing.So far, I have a local lender offering a 30y fixed at 6% with 20% down. 

If the property doesn't cashflow as is, that amount needs to be increased to cover operations and debt until the property becomes self reliant. 

Looking to BRRRR in Birmingham out of a Self-Directed IRA (Non-Recourse Loans). 

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.If you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

You should include, even if you'll self-manage in the beginning.Your interest rate is a little low.

I’m confident we will get multiple offers and go above asking, but by how much.

For someone who self-manages, he/she should be doing all the showings, handling the money, and negotiating the lease.

@Ryan Goff Hi Ryan, is it a Self-Directed IRA?

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

This gives you a CoC ROI of 20%+.If you're confident in your numbers (ARV and reno budget is where you have to be really locked down), I say pull the trigger.