Also, it would be hard for me to imagine, in 5-10 years, assuming your BRRRR strategies were all purchased and refinanced at appropriate risk levels for you, that you would not be cash flowing and the value has appreciated substantially. 

3 - If she's looking at buying her first property, dive in head first! 

He just hosted a get-together - a Family Reunion - where we took a deep dive into various aspects of BRRRR, how to source deals and a look at how he is rehabbing the hotel we were at that he owns.

Details are too technical to dive into. 

But the point wasn't to dive into the specifics, but rather to give some insight into the types of returns we generate in executing the strategies that we teach in our course.

If you dive deeper, STR lenders that do DSCR (and do it properly) typically use any/all of the following three data points for deriving the STR rental income for the loan, and thus qualifying the transaction's DSCR:- AirDNA- Seller/Owner trailing twelve month booking history- STR 1007/STR narrative analysis from appraiserHope this look under the hood helps!

But if you are like us, and have owned them for 5+ years where we all saw the run-up in values between 2020-2023(ish) - this could be of substantial impact if Tennessee is similarly positioned. 

Goal is cashflow or at least covering a substantial portion of the mortgage. 

This is an area where proactive planning can make a substantial difference.

However) Explain to them you are planning on renovating to meet market demands and you will need to raise the rent substantially.