Everyone’s got the same problem: STR oversaturationPrices are high in most markets and if/when you do buy, your competition is fierce thus pushing down nightly rates and occupancy rates in almost every worthwhile marketGood luck fixing that! 

I think about this often, its really just running the numbers - if you borrow 100k at an 8% interest rate, will the investment get you more than an 8% return?

if you miss your rate lock timing and it costs you to relock who should pay for that?

But SFH are already seeing renewals at 2%-4% and release rates up at least 5% YoY...that number is even higher on some luxury ($3k+/m rent) homes as those are harder to find.The rest is entirely speculative.

Contact me for a conversation.

The only issue is the interest rate is 7.125%.

@Arlinda RexhoWhen considering a 32-64 unit multifamily property in Texas, focus on strong locations with population growth, proximity to amenities, and low crime rates.

Market insights and understanding the rental rates in the neighborhood.

There are also case by case opportunities within the North Phoenix market where rental rates are stronger. 

Now, after doing this several times my success rate is around 1 out 5.