Hello Fellow Investors,I am excited to be under contract for my first STR property, but I am getting nervous about the many things I'm already discovering. 

Hello, I have been the VP of Operations, Director of Operations, Condo Division Manager and Property Manager for some of the largest companies in my area.

I’m ok with not cared for yards and bad school districts.

You now have great leverage when negotiating to buy one of these properties.

Make sure to look carefully at the comps sold in the last 300 days to understand the ceiling of what you could get in the best scenario. 

RE Pro Status supercharges this.If you or your spouse are an RE Pro, your LP investments can lead to depreciation offsetting both passive and active income.If you are not an RE Pro, the losses due to depreciation can only be used to offset passive income—such as income from other rental properties or other passive investments.

I’ve been interested in buying first property and need to learn and connect with people here, Hopefully I can connect with some of you guys in here to find out more information about how to find off market deals.

Tell them it’s an investment property with no owner use and you want a commercial policy with $1M/$2M liability coverage.  

As far as HML's go, they will double check your deal to make sure the numbers work (for both of you) as they are not going to lend on a property that they have not vetted. 

Hi Wiley, I'd be happy to look at the property.