So you are putting in various inputs/assumptions, like gross revenue (total sales prices of homes) less soft costs, hard costs, city fees, desired profit margin (i.e. 15% of gross revenue) = residual value (what the land is worth).

Nowadays everyone has exited the arbitrage business model in my area simply because the supply vs demand is driving the revenue below profit benchmark for almost everyone.

I'd double check any addresses AirDNA for average projected revenue. 

The rule I plan to enact is paying myself 10% of the revenue generated from wholesaling quarterly.

STR PotentialWith $40K in annual revenue, reaching $1,000/month in cash flow will require some adjustments.

To that end, I made a Google sheets document with every hospital system in GA along with the following data:CityZip CodeRentometer 2/X   (what a 2 BR, any bath) goes for on Rentometer)RentRentometer 3/1+ Rent (what a # BR, 1.5+ bath) goes for on Rentometer)"Minutes to home"  (how far a drive it is for us)"Staffed Beds"  (measure of how big a hospital is)"Total Discharges" (a different measure of hospital size)"Patient Days"  (yet another different measure of hospital size)"Gross Patient Revenue ($000)" (you guessed it, hospital size)Map Searches & Housing Requests (this and everything below was from FF.com stats page)Furnishedfinder.com Page ViewsTotal RoomsPrivate Rooms % UnitsHotels% Whole Place > 2500 %Whole Place > 2k < 2.5k %Whole Place > 1.5k < 2k %Room > 1500 %Room > 1k < 1.5k Page view per roomThis allowed us to narrow our search to hospital systems near us (less than 2 hours) in a less competitive market (higher page views per room advertised on FF.com) with a significant % of units being rented on FF.com at higher rents (more $). 

Thinking of trying to market to a handful of homeowners that would like us to manage the STR for a % of revenue.

Now here’s the biggest takeaway:It’s only hard when you do it wrong.The ice cream parlor could have cold-called you any day of the week, and you would have said, "No."

My biggest pain point is rounding up help to move them in and out, as I'm a solo self manager.

While the homeowner gets to take the revenue and real estate tax benefits.