If you are local I would love to grab a coffee if not I'd love to connect over the phone.

We have had several clients buy new STR properties in the last six months.

We have been able to find a few in the last year and many others are too. 

Here is the situationCottage - seller asking $300KSold in 2021 for $225K, seller put about $15K into itBuilt in 1940s, very few updatesNeeds new roof, old 2-wire electrical, original walls, and has an $8K assessment by the association about to come due.700 Sq FtPart of an association owning shared private beach access@ $300K it is $426/sq ftComps (all sold in last 6 months)Cottage sold (to this seller) 5 months ago for $425K @ 872 sq ft = $487/sq ft"Direct" lakefront property part of same associationBuilt in 1940s, some updates3 other comps I've seen that are larger that have similar associations w/ shared private beaches that are "near" lakefront on the same lake.1.

buy low sell high  sell for cash for carry contracts.U find land at Tax sales a lot of the time. or you use whatever direct marketing concept you can afford  direct mail telemarket etc.you need great phone  and closing skills .. anyone can get leads but without closing skills your success rate will be limited greatly. 

.* I did this entire process in the last 4 months and take on individual opportunities.

Hello Denise, I no longer have a scanner so I hope the picture taken with my phone will be clear enough to read.

I been looking into either property abroad, homesteading/self sustainable home for myself, building a community living with a self sustainability situation with others, buying property abroad with a group of people I decide I trust enough to do so with (my inspiration for this last one: https://tynan.com/empire/), just go back to my original idea to house hack first, or a combination of the above.

Assuming he does not do anything like a 1031, he will be taxed on gains (assuming he has not lived there 2 of the last 5 years). 

Last Autumn I had the pleasure of finishing up the self designed and custom built-third unit in my 4 plex to rent out as a midterm rental.