. - In Bandon, rarely do eligible vacation rental properties come to market a qualifying is based on a specific zone and saturation rate of actively neighboring properties. 

Focus on markets with strong job markets, affordability, and economic development.

If you are paying a premium you better make sure the tenant is really strong (typically Standard and Poor's) BBB- Investment grade rating or better.

You need a strong operator / builder / agent / developer to look at all of these considerations and to have studied the market or you have to do it yourself.

I am based in W Seattle and we focus on working with investors trying to grow and expand their portfolio in real estate.

We've also been using $250/door as a rule of thumb, but I believe those numbers are going up this year based on the amount of loss/claims incurred last year with the Hurricanes in both Texas and Florida. 

Take your time, thoroughly weigh your alternatives, and think about consulting experts who can offer customized counsel based on your unique situation.

Since the properties are in an IRR, any investments into STR will be based on 1031 exchanges.

You will pay transfer taxes based off of the properties calculated assessed value, and if the property is in Philly city limits as your post location suggests, you're looking at a payment of 4.278% of that value being paid at close.

I think they should always be in a strong financial position, but they should also be contributing at least some of the money.