There was a boom towards the later part and after the pandemic as far as number of listings, average daily rate, and occupancy rate.

FSBO, expired leads, local homeowners)- Nurture your network consistently via phone, email, text, in-person events- Set as many appointments as you can to get in front of people and explain your value proposition... then go back to nurturing the contact until they have a question or need something from you- While doing all of the above, try to avoid/ignore the 'shiny objects' that are sold to agents on a daily basis. 

Average daily prices is back to precovid.

I would start breaking down your goal/number ASAP to get an idea of what your daily actions need to look like.$500k annual cash flow in 5 years -> 1-year rate: $100k per year in cash flow -> ~$8k-$9k per month in cash flow -> hypothetically speaking; $2,000-$3,000 in cash flow per 1 co-living property = acquiring ~3-4 properties per month starting now, which realistically probably means around 15-20 offers per month, at least from my experience, unless you have some fantastic source to acquire deals off-market. 

I would estimate the daily rental rate would $3-4k and around $25k on a monthly basis.

@Lars Bruinink I search my target markets daily for new deals.

Hey @Jay A.I work for a turnkey company in Memphis, TN, and below is a list of the most FAQs that I receive on a daily basis.1 - What market do we invest in?

This is a predictable cash flow play because housing affordability worsens daily.2.

For example, I have a lot of potential deals coming into my mail box on an almost daily basis (SFH though).

I'm fortunate to discuss all sorts of complex real estate tax issues with Michael on a near daily basis.