Hey BP community 👋I’m based in Chattanooga, TN, and I’m looking to connect with investors focused on Short-Term Rentals (STRs) and event venues—especially those seeking unique or underutilized properties with upside potential.Over the past few months, I’ve come across several off-market deals in and around Chattanooga that I passed on at the time, but I’m realizing they could be perfect fits for STR or event-focused investors.

The combination of rural, unique, and tiny (sub 400sqft) is going to make this hard to finance.

Quote from @Collin Hays: Assuming that your property has its own website whereby guests can rent directly...Name your cabin, and name it something unique and unusual.

Also, all deals are different and can have unique selling points.

Needs to be unique, designed well, photographed well, etc. etc.The STR market here in Colorado is saturated, but I still have clients in the last year buying at elevated prices, at elevated interest rates, that are killing it because they follow the playbook for Airbnb success in 2025.But if you're trying to start a run-of-the-mill short-term rental at this moment in the STR lifecycle, just plan to make marginal cash flow at best.

This caused a historically unique opportunity for investors - they could buy Class A properties and immediately cashflow when renting them out.This couldn't last forever, and it didn't, as excited new investors drove up prices.

Sauna sounds doable and, until everyone else adds one, you will be unique.

It’s a unique setup: 100% master-leased to a corporate tenant (Sober Living) for 3 years.The Numbers:Purchase: ~$640kTenant pays all utilities/maintenance (NNN-Lite).DSCR is strong (>1.35), so financing is straightforward.Projecting ~11% CoC return.I'm planning to bring in a capital partner for the EMD/Down Payment ($185k total).My Question for the group: For those who have done corporate-backed JV deals, do you typically stick to a straight 50/50 equity split, or do you offer a preferred return?

Like anything else this type of investment has some unique risks for both buyer and seller; however, in many circumstances they represent the best alternative for both parties.  

What was the outcome?