Then we experimented doing AirBnb for 1.5 years.

We have also partnered with a reliable general contractor who will be investing in the project and has extensive experience in mid-scale hotel construction.

I have experience with STR, MTR & LTR and I live and work here in Escambia county. 

They schedule leases to end in spring/early summer because they don’t want the vacancy during the winter/holidays. 

The loan was set to close the end of June.The lender is now saying that due to "new" Frannie/Freddie guidelines, we have to collect the first month's rent before the loan can close. 

Hi to all I am a brand new to this BP and a completely beginner investing in real estate.I have applied for a second mortgage for my next primary residence and on the process hopefully closing at the end of August (brand new home), now I have contacted some credit union to apply a HELOC and advised me to apply before closing of my current primary home.

Its priced well, needs work(which is fine) but wondering if anyone has had any experience buying, living, or managing any rentals in this area or near it?

All I have to say are positive things about my experience, and everything JT has taught has been right on!!

Even if they just have them on as an advisory role, having them on the LLC helps you get a better deal on funding and their experience will help you to get the project completed more quickly. 

I have no experience on how to value land or trailers though.It's 295k. 2% earnest money.