First the local housing market is booming and due to a housing shortage and these low interest rates real estate prices keep climbing.

I really appreciate your suggestions.The combination you might want to restrict or look more closely at are local people, booking for one night, last minute and are under 25.

Get out and rub elbows with local investors by joining a local real estate investor group.

I have access to my local credit union and small regional bank as well.Any advice would be appreciated.Thanks,Hillary 

I have found with my guests, they devour the combination of property info and local recommendations that I give them.

I know of a guy here in the greater Seattle area that might be able to advise or at least get you in touch with someone locally that is reputable.The key here, IMHO (and I am not an attorney or anything), is to keep everything stabilized.

I find my deals off-market and do some cosmetic updates.In short, it's not for everyone and many will fail trying to run this playbook from out of state (or even locally).There are still areas and markets that work, you just need to be more creative or willing to put more work in than you did in the past.

Many nuances to all this but ... consult with a local roofer that you TRUST for the details.

Alternatively join a local REI Association and get it from them along with ongoing support and networking.

Most of the liaisons that the lender provides for "guidance" are not local and don't know the ins and out of construction in NYC.