Hey friends! We're looking to purchase a STR property somewhere near a beach. We'd like to use the property ourselves 2-3 weeks a year for family vacations, but otherwise looking for a strong STR market. We live in Sa...

I just recently closed on my first duplex and i’m now pondering different ways of financing my next deal. my goal is to build up a portfolio and to do so quickly so i’m seeking advice from people who have been in a similar situation early on in their investing journey.

@Nhan LeIf there is no contract it would be very difficult for either party to seek recourse.Find a licensed contractor and execute a contract.

If this is truly an issue, I would consider intervening and buying the tenant a new rug while you seek reimbursement from the contractor. 

I like the idea of working with a local bank to give me a little bit of flexibility, but starting to thing a non-conventional loan with 30yr fixed and a little higher rates may be the way to go?

I would continue to seek out local Independent agents.  

This isn't legal or lending advice, and you should seek professional assistance.

The closing agent is not this attorney, but he does work in the title company and oversees the closings and weighs in on them.Reason is I’ve got a transaction that’s gone bad after closing, and in seeking remedies, unbeknownst to me when I started talking to the title company attorney as a “neutral party”, I shared some things I normally wouldn’t have.I found out through the grapevine about his dual role AFTER I had the conversation with him.Shouldn’t this attorney disclose that he is also the managing broker for the seller before talking to me?

I am personally seeking out LTRs as property values are skyrocketing with rents.On the bright side, the city just approved rental ADUs for full-time residents to combat the affordable housing crisis here.Good luck on your search.

They even seek out run-down properties and do a makeover to increase the value, most often in attractive neighborhoods for flipping or wholesaling.