Hi all,Happy New Year! Just purchased my first STR in Sevierville, TN. Closed mid-December and was able to get two bookings for the holidays. I know January and February are slow months, but looking for suggestions to...

Because I need cashflow proceeds to start being withdrawn in 2 years and not today, I'm looking for how I can build up the empire with a larger portfolio with continued investments beyond the initial $250k now.  

Maybe I’m wrong but I had to do that on our STR (Ring) and Wyze also requires close proximity on initial setup.

Verifying last 2 years of rental history very important!

Verifying last 2 years of rental history very important!

Security systems are easily outsmarted, that’s the point of the initial visit, to case the joint. 

Options like a unique amortization schedule or a 3/2/1 or 2/1 stepdown interest rate could provide initial relief to get you through the renovation phase while giving the seller confidence in a structured payoff plan.To determine an entry point, consider reducing the price based on the current NOI.

You just go through the property notifications and file a landlord/tenant complain (or whatever its called in your state) to initiate the eviction process.

If you manage to get this off the ground and do some verified - meaning paperwork is in your name, or company's name, etc - projects that turn a profit, and you build some capital in a bank, you should be able to go right to that lender after a year or two and start a relationship no problem.  

Verifying last 2 years of rental history very important!