Condition of STR

[David N.]

I'm just getting started. When I'm looking for a deal with an STR, should I be looking for a somewhat distressed property, as if it was something like a BRRRR on an LTR situation? In other words, should I be looking for something I can get at a discount and improve? Or are STRs different and I should be looking for a turnkey property? Or is it entirely up to what I want to handle? thanks for any advice. thanks, David

[Bruce Woodruff]

Either way will work...depends on your budget entirely. I always look for fixers because I am a Contr and can get onto the property cheaper....but it's quicker to buy turnkey, you just will take longer to get your ROI...