All Forum Posts by: Carter Baxter

 No sense in being defensive! I'm incredibly new to STRs, at this point my portfolio is all LTR, so I'm just trying to learn as much as I possibly can! I'm thankful for folks like you who can help steer me in the right direction. 

@Luke Carl and @John Underwood that was my understanding too, and I certainly don't want to put myself in that kind of situation. I really appreciate your guys thoughts! Thank you much.

Me and a group of a few other investors are planning on investing in a 4br/3ba home in the Kissimmee/Davenport area in the upcoming 6 months to use as a STR. The way our financial situation is currently laid out, we are going to have four equal partner investors. We intend to put 10% down and finance the property as a second/vacation home under one of our names.

My question is: Will we reasonably be able to get financing by going about it this way? Is there anything in particular we should anticipate/do ahead of time to make the lending go smoother? 

If anybody has any experience in doing something similar please let me know!