Alot of details go into pricing out income and expenses so using the BiggerPockets Airbnb Calculator could help see what expected expenses you can expect. 

View report*This link comes directly from our calculators, based on information input by the member who posted.

I’d appreciate some feedback on my current approach and advice if any.Here’s what I’ve done so far:Pre-Approval: I’ve secured a pre-approval amount and interest rate from an online mortgage lender.Property Analysis: I’m using the mortgage and STR calculators from BiggerPockets to assess the financials for potential properties.Neighborhood Research: I’ve been exploring different neighborhoods using Niche to get insights into schools, safety, and livability.AirDNA: I’m considering subscribing to AirDNA for data on occupancy rates and rental income estimates.Questions:Is AirDNA worth the investment for STR data?

Can you evaluate whether something is a good investment - use the BP calculators, build your own spreadsheet, identify what seems like a good deal to you (everyone has different criteria).

I am just struggling to figure out how I would afford the monthly interest expenses as construction on this type of project would take a ton of time and money.The building will be luxury student apartments which on my rough calculations can have realistically 60-65 apartments or 180-195 beds.

BiggerPockets has a new STR calculator that can help you pencil out data from these types of sites as well. https://www.biggerpockets.com/airbnb-calculatorLast thing, we have a weekly newsletter here called BiggerStays that covers all things STR-related! 

Lets say its 5 years later and you paid the 400k loan down to 350k and you sell one of the 100k houses for say 150k.They calculate that its one of the homes that was allocated at 20%. 

What’s also true is that you can deduct expenses and even depreciation on this same % and subtract the first $1000 before calculating the UBIT.  

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

This is just a general spreadsheet for calculating capex, regular expenses, vacancy, etc.