HELOCHome Equity Loan: Provides a lump sum of cash with a fixed interest rate, fixed repayment period, and fixed monthly payments.

@Brandon Warren Provided you didn't exceed 14 days of personal use after "placing the property in service" (e.g. making it ready and available to rent) converting the STR in June 2023 doesn't disqualify your property from meeting the IRS requirements for STR....

Anyone who lives or invests there can you provide your opinion on the market?

I looking to team up with REs who have done STR-focused deals and provide end-to-end service to manage STR in TN, WI, FL, SC, NC, VA, and Colorado.

You'll need to find a self-paced course program that provides great flexibility and you'll need to commit to the process.

From what I have seen some of these outlying areas can provide better cash flow, less competition and less regulations.

I know there are "mentorship" programs I can join, but if there's anyone here who could provide some insight and would like to connect, please let me know.

The best bet is to work with a local Agent that access Off-Market Deals, or exclusive listing networks.

Collect insurance certificates from everyone who is providing services where you are listed as a certificate holder.4.

@Anil Bansal: Hi Anil, can you provide more detail on the units you purchased.