I think realistically, 150 hrs or even 200 hrs is more likely, especially for a new STR owner.Here is the Excel table my husband did, with some very simplistic assumptions.

This knowledge is essential Assuming you source a good deal (with multiple potential exit strategies), I would then bring in a capital partner to fund the down payment or Property acquisition…and get some sort of sweat equity (depending on your experience and value brought to table) and then invest the $10,000 you do have into the deal itself to add your stake, add some skin to the game and align your interest with your capital partner.

After all the buyer is bringing in the money, giving it to the seller (Escrow) and both agents are paid out of Escrow.It's true that the seller gets less money when agents are involved, but they're not bringing money to the table, they're just taking less money off the table.

Bring 500k to the table together and we can lock down some owner financing deals!

Worked ourselves out of income here lolVacancies lowMaintenance repair requests lowNeed to cause some drama so we can start putting some food on the table lolJokes.It's interesting though how if you do a good job in property management you kind off work your way out of being able to generate more income.I guess it's a good problem to have from a performance and ethics standpoint.What do you guys think?

@Kim LeJeuneI have to assume that it was a rental house, as opposed to your personal residence or a flip.Each monthly payment has 3 components: interest - taxable as ordinary incomereturn of your principal - not taxablecapital gain - taxable at various ratesYour down payment has components #2 and #3.Interest should come from an amortization table. 

I just came to the table for some open advise.

If you're someone that brings value to to the table, it should be a no brainer for loyalty given you're working with a decent human.  

Most people haven't done very many deals though, that's why they benefit from working with a professional.Some recent examples in my 1st hand experience... last year I witnessed a FSBO seller leave $400k on the table. 

Negotiating can be a headache without an experienced agent – you might miss stuff or leave money on the table.