While I've implemented various strategies over time, I believe there's always room for improvement, and I'm eager to learn from the experiences of others in the field.I'm particularly interested in hearing from those of you who have been consistently closing deals and have found success in generating high-quality leads.

A lot of our short term rental listings are on the high end, and so our plan is to direct market some of these vehicles to our guests.  

Pros: Least disruptive to my current lifestyle, gaining experience in a vacation destination aligns with my long-term goalsCons: Highly competitive and expensive market, NOO STR is very unlikely for my situation, finding a property in an area that’s appealing to tourists may be difficult.Scenario 2: Buy property in a market adjacent to Nashville without owner occupancy requirements for STRs (e.g.

I have worked with @John Fedro and have his program.Great guy, professional and very helpful.His program is highly recommended.

I am looking/ working towards fine tuning my list and any feedback is highly appreciated. 

Unless you have some serious cash laying around and have a high net worth for a lender, you'll likely need a capital partner.

@David Green if you want to learn about self directed IRAs, I highly recommend reading “The Self Directed IRA Handbook” by Matt Sorensen.

Realtors want high commissions to sell land plus at least a 6 month contract.  

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Prices are still high and so are interest rates.