If you are finding an STR out of state, I would get involved with professionals that are involved with the RE industry.

If you've been there a while and your in a stable industry I wouldn't stress about it. 

This may be a great option if your goal is to break into the large multifamily or even some other asset type (industrial, office, retail etc).Another option would be accessing the $140k, then doing private lending with it, so you get straight cash flow without the overhead of another property.

My goals with RE are to work in the industry until I don't have to and can focus full time on investing--maybe even start a small fund one day after gaining continued experience in the industry and on my own time.3.

George is right, QB is a very robust program but it aims to be a solution for most businesses where Stessa is designed for our industry.

I'm looking an hour outside the hot Nashville Tennessee market, looking at what industries are in the area, job growth, population growth, proximity to shopping, restaurants, median incomes, etc.

Too bad you're not in TN, there's been a couple of times I could have used that kind of industriousness :)

Attached units over the past 12 months were 2,976 of sales, and 8,762 were detached.When asked why the market remains strong, Shaun McCutcheon, vice president at Zonda Advisory, says “job growth in a variety of industries and income levels, job relocation, and in-migration from retirees seeking quality of life, affordable cost of living, good value for housing, mild weather, and relatively low taxes.”The number of vacant developed lots is down 5.2% from the same quarter last year, sitting at 11,319 while quarterly housing starts decreased 11.3% from a year ago.

Our labor costs will drop more slowly, as there are fewer workers, and more pent up demand for homeowner rehab projects, and new home builds, to keep companies busy.Interest rates will keep rising at the commercial level, Austin sees them rising another 0.5-0.75% by the end of the year.It will be 3-5 years before interest rates go back down near where they wereThe rental market is still very strong, as so many home buyers have been priced out of the market.He sees rental rates continuing to rise in Missoula, and says there would need to be a huge financial crisis for rental rates to drop.Austin doesn’t see the construction industry ever catching up with demand, there is just such a large backlog.

We lived there for 2 years and are excited to be returning as investors in the STR industry.