You should reach out to @Melissa Haworth she can get the actual numbers/rents on STRs in the area to help run your comps.Each building is different, each area is different, it is important to find accurate data to make good decisions.

Entity structuring, basis calculation (i.e. breakout between building and land), deductible expenses, etc.

Please double check this and make sure that wasn’t the amount for the raw land prior to the build.

New builds, new developments, plenty of rentals within driving distance of the city center, and there are still plenty of areas where a good eye for a rehab job will get you a good ROI.

My goals for joining is to meet people, build relationships and hopefully get my own thing going!

I came across Peter Harris’s program on YouTube while trying to buy my first small commercial building.

Housing mix will change; more condos and co-ops and multi-family apartment buildings.

Like SWFLA  new builds  at the time I was buying for 25 to 35k at courhouse and Atlanta until the hedge funds came in and kicked us little guys to the curb. !!

Lived in Columbus for 13 years, 600+ transactions, development experience, new builds, 40+ rehabs, DM me if you want to know about the market. 8+ years on the forums advertising and building relationships with investors in almost every state.

Looking to rent for $175/night min and total estimate is $100k for the build, aiming for 20% CoC.Any pitfalls/advice for this uncharted territory?