There were a lot of costs that we didn't expect like the plumbing had to be completely redone.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Here is an example of what it costs you to avoid professional advice.

Each one with separate addresses and utilities.We originally put $585k of our own money into the project, and by the time we were ready to go to market in 2023 we were into it for about $2M (the pandemic really threw a wrench in our timeline and costs but also greatly increased the value).

It cost about $100K, but it would have cost around $200K if she were to do it from scratch.

I am looking to buy a property in SLC Utah that i would want to try and run as a STR to help offset the cost.

It may make less cash flow/ per month but in may cases in the long run after PM fees and Repair costs, many times it turns out similar.   

I'm looking at monthly cost to seller vs. anticipated rental income, purchase price relevant to the ARV of the area and interest rate, balloon, etc.

But for large multi-family, that amount hardly covers your legal fees for one transaction, let alone down payment, due diligence costs, lender fees, other closing costs, etc.

I am trying to target a savvy investor or younger buyer who want to house hack while living in main home to help with the cost of ownership.