Regulatory costs, property taxes, and costs for services will continue to rise, but the owner's rental revenue will remain stable, leaving a shrinking pool of funds available for maintenance and improvement. * Property taxes and other fees and regulations placed on rental property owners are already very high, and are rising faster than rent increases in many cases.

Condotels usually keep a hefty percentage such as 20 or 25% of the rental revenue......But there are a handful of these that DO allow you take yours our of their rental pool and self-rent. 

The building is located downtown of a touristy/beach town.Here's some details about the numbers/location/property:- $50-70k per unit estimated revenue for STR (majority is from 4 month peak season in summer/early fall).

You probably end up making more taking 15-25% of booking revenue and you don't have to sign a lease, buy furniture, and take on the risk.

In listening to others speak about MTRs, it seems like the monthly revenue from Furnished Finder is on the lower end.

We do 15% of rental revenue.

Nice thing is the tax deduction for driving jobs nearly covers the revenue, so you won't pay much in taxes on it.

With second home loans, the mortgage must be for one unit (I do a lot of 2-4 unit STRs), the property must not be rented for more than 180 days out of the year (limits revenue), must function reasonably as a second home (usually limits out of state investing), rental income will not qualify as stable monthly income (projected AirDNA does not play into your DTI).

Anything that doesn’t meet those threshold is too risky for me with borrowed money right now.If you can weather a 50 percent drop in revenue and have the means to cover the payment and get through construction then go ahead and do the new build.

There are many guys on the street corner who are not licensed or registered claiming they are private lenders, if they don't meet the definition, they are simply illegal lenders.Being in the business of something also takes into consideration the intent of the actor, the amount made, the frequency of transactions, their other sources of income or revenue, just as the IRS sees your business activities.