What cautions you when buying an existing STR?

[Britt Smith]

I've seen some STR for sale and am wondering, if it is cash-flowing why would someone want to sell it?

[Luke Carl]

1031. Death in family. Sick of guests. Have 100 million cash and don’t even think about this home anymore. 1031. 

Why they are selling does not matter one bit. 

[Sastry Srini]

Someone may divest property for many reasons depending on personal situations.. may be moving out of country, does not want to manage anymore or want to cash out.  

[Karen Chenaille]

They may have a significant amount of equity they are looking to cash in on. It may take them years to get the same amount of cash they can pull out in one sale.  Take a hard luck at their revenue for the last three years and what they have on the books this year.  If those numbers meet your investment goals, you should buy it.  I know, seems obvious, but I just don't want to see you get too wrapped around the axle about why they are selling it and miss a great investment opportunity :-)