As a PM, you know there's other things which are involved with running a business (insurance, E & O, supplies, rent, utilities, taxes, gov't fees, etc.)

Unicorn deal (they exist - we found one this year)I'd strongly advise staying away from new MFHs in this area - the supply is now exceeding demand. 

For 30 years it’s been a never-ending supply of tenants who are almost never home and always pay on time.Why would I want to get out?

We just supply the location and they do the marketing  

Revenue is not profit though...you have additional expenses in STR (close to 50% of OpEx) due to cleaning, vacancy, and supplies.

pid=2072Houston Real Estate Highlights in April, 2024:-Single-family home sales rose 9.2 percent year-over-year;-Days on Market (DOM) for single-family homes went from 56 to 49 days;-Total property sales rose 8.7 percent with 9,611 units sold;-Total dollar volume was up 13.8 percent to $4 billion;-The single-family median price rose 3.0 percent to $340,000;-The single-family average price rose 4.6 percent to $437,198; -Single-family home months of inventory registered a 3.7-months supply, up from 2.6 months a year earlier;-Townhome/condominium sales continued to decline, falling 1.3 percent, with the median price down 1.8 percent to $230,000 and the average price down 0.5 percent to $278,048.

We had issues where they backed out because the water was brown (old supply lines) but it was only brown because the property was vacant and it isn't a real issue, mostly a street side problem.

BREIT by blackstone is private, not publicly traded, and is only sold by blackstone chosen financial advisors, it has 4 different class shares and most have huge load fees (1.5-3.5%) and yearly AUM fees (1.25%), and if you sell <12 months from any share purchase they charge you an exit fee of 2% of NAV price , so be careful with that oneI've invested in many syndications for passivity/market beating returns/tax benefits currency debasement running at 15% a year since GFC(2008), (ie M2 money supply growth) so you have to get >15% just to tread water in USA now

The reason home prices have continued to increase in Jacksonville and in most markets across the country is because of the lack of supply.  

That included sandpaper the stain the finish and all supplies a couple of pizzas.