Investors made offers to other investors to be bought out at 75 cents on the dollar (pretty normal process in trust deed lending - either stay in the deal until the end - or get out now at a discount.)

(just looking for a ballpark here)- Average number of room turnovers per year - PadSplit says the average tenant stays 9 months- Average cost of each room turnover (room & carpet cleaning, repairs due to wear and tear)- Repairs and maintenance - how much are you typically setting aside for this?

Still stay active in BP though because there is a lot of wisdom in this group. 

Let’s stay connected!

This often leads to frustrated tenants, and unhappy tenants rarely stay long.

I currently rent in Nevada and am looking to buy a house or condo where my wife will be staying 1 week per month for school.

However we are still on the fence.Just curious to hear how other STR owners are doing and what strategies they are using to stay afloat.

However, all the sold comps are crossed out after following a three-tiered system to determine the ARV:T1: Stay within one-miles radius, sold for fewer than six-months.T2: Size of the properties are within 200 sqft., must share certain attributes (bedrooms, bathroom, etc.).T3: Compare property typeIn "The Book on Flipping Houses" by J Scott, it mentioned about adjusting the value of the comps to ensures that they resemble the subject property as closely as possible.

Are you wanting to stay an active investor or get into some more passive investments?

Equity/appreciation (and tax benefits) are important, but you need enough cash flow to be able to stay in the game.3.