Actually, I did attribute the coaching fees over 6 month period and thought it's fair for someone like me with no experience in STR at all to start off and have the resources, design, coach, mentor all under one roof to give it a good shot. 

With the increased competition, it’s also crucial to prepare your listing to stand out and work to address buyer objections prior to going on market.

The smart ones bought apartments for 20K and are now worth 1.5 million plus.They managed to hold on despite the headaches.Gentrification and Lifecycles of a City from Boom to Bust to Boom again are very real.And it happens in every City - from Ancient Rome to modern Beijing.Pick the right City with attributes and drivers for growth, and follow the money trail.Where are the Investments going in?

Down around those areas you'll be swimming in a sea of cabin competition, so a Scandinavian style or something otherwise standout might be the only path to making more. 

For doing an STR well the larger properties are best and it needs to stand out amongst competition to perform well. 

There is a few standout reasons of logical sense. - First is GROWTH: If a person is in growth phase for portfolio building, refi only access's a portion of equity, not the entirety.

Obviously the net number is what's most important to sellers typically but I have found escaltion clauses and offering free rent backs to the seller are just a couple of ways to make your offer stand out. 

The level of professionalism in the commercial world is a big standout to me as well.

Direct expenses are expenses directly attributable to the rental units (ex: rental unit repairs/cleaning, advertising, rental adm exp, etc)

Determine the attributes of experience, knowledge, and capital needed to be successful, and evaluate how you stack up 4.