Have to check with your local laws on any permitting that is required to do this.  

Depending on your goals for the property and how much underwriting you want to be subjected to - your options are broadly as follows. 1) If the property is habitable and just needs some updates and minor repairs and you would like to keep it as a rental - conforming loans will be the cheapest rate and fees, require full underwriting on you, and your income will be considered to buy the property - think DTI ratio. 2) If the property is not habitable that leaves you with something like a hard money loan or private loan - which are normally short term debt.

“Improvement Exchanges allow you to purchase properties needing improvement and complete the value­ add repairs using your 1031 exchange proceeds.”Then I found this that James Boreno posted: https://www.biggerpockets.com/forums/104/topics/1165299-how-...I’m interested in the part where he 1031 is property and bought something that needed repairs so his out of pocket - after purchase - allowed him to rehab the property.Is this is a viable strategy often used rather than buying all ready properties that require no work?

Thank you in advance for any new strategies. I am the broker of Investing N Florida in Tampa Bay, providing property management for short-term rentals, especially corporate rentals like executives, traveling nurses, o...

Hotels do require alot more hands on but being a part of the community makes a huge difference

@Leah A.The biggest challenges for doing ground up construction (GUC) can be bucketed into a couple of things:MoneyFunding your first deal – most lenders (not all) will require at least 1 completed GUC project or extensive flipping experience to fund a deal.

In most cases, it will come with leverage haircuts, required banking in the US, and needing to establish credit in the U.S.

Very broad, but what I would say is get connected with someone that is well versed in the STR market as it comes with added requirements on expertise/knowledge.

how do you get a BLOC ; i have an llc but it is for my software business ; i see some revenue requirements on some banks like AMEX

If rent is below market, the Units get the maintenance required by law and maintenance necessary to reduce future costs, but they no not get much beyond that.