I buy supplies, and keep up with pricing, do repairs, except for electrical, plumbing and A/C.

The IRS will require them to charge a “reasonable interest rate” if they supply seller financing.

The plus side is the airbnb supply has fallen and we have noticed a HUGE increase in our gross STR rents, roughly 20% higher then a year ago.

Zoning varies, so always check the local regulations for your specific needs.Financing: While cash purchases are common, financing options are available through local banks and credit unions.

Reason we are trying this strategy is just due to the fact that just like the rest of the country there is limited supply in this market.

You need to go through a licensed advisor because a DST is a security regulated by the SEC.

You might also want to network with local businesses that may have relocating employees or contractors in need of housing.Local Regulations: Some areas have different rules for mid-term rentals than for long-term or short-term rentals, so make sure you're compliant with local laws.If you're new to mid-term rentals, connecting with investors or property managers already working in this space can be invaluable.

As a fellow Northerner, I tend to buy in the Southern half of the US for 2 reasons:1) you get much higher year-round occupancy rates in the South & it’s simply tough to earn a good ROI in the North if your place sits vacant for a big chunk of the year2) Culturally, the Southern half of the US seems to be a lot more accepting of STRs regulation-wise.

And it was a nightmare mainly because of HOA politics, rules/regulations, etc especially if you want to make certain renovations to the unit.

Further, you must be admitted to (or employed by) the company that is selling the securities, as the securities exemption being claimed, usually Regulation D, Rule 506, only applies to the “issuer” of the securities.