So, I came accross a short term rental market analysis report for the city of Fresno, and found a really interesting chart representing the seasonality of the short term rentals. 

Tried selling the LTR but it wasn’t the right time in that market so it sat.

In fact my friend has an off market Triplex in Pompano and another north Ft Lauderdale he has considered selling.

The location and high rent demands keep investor buyers interested in the market. 

Leveraging Matt's local market knowledge, we secured the property for $28,000.

As I don't have large down payment, I am thinking to start building a portfolio with finding off market deals that have equity and do bit rehab/renovate and later get refinanace to pay off HML with a traditional lender/DSCR loan. please share any thoughts on my plan and any lending resources.

"I pay in cash, no closing cost, no matter the condition BUY I will make you an offer blow market value as a trade off.Not everyone will accept this, but those that do are extremely motivated!

But you can't have enough solid contractors in your back pocket in this market, so I think that's very smart having some backup options to compare quotes so you're not stuck using the PM's guys and their 10-20% mark ups all the time!

I expect the cash flow to be barely negative/breakeven initially, and then sustainably positive by year 3, and then slowing climbing positive from there.

I am extremely familiar with the Birmingham, AL market.