We manage STRs in Nashville anywhere from 10-15% just depending how much revenue it brings in.

.- I underwrote these projects only using annualized revenue (rent increase with some extra vacancy loss in year 1 x total units x 12 months) / total project cost- For projects I know were successful, I'm seeing a larger increase in NOI than expected so shifting to a yield on cost metric that's market adjusted NOI growth / total project cost.- I'm seeing a lot of volatility on these and can't land on what metric to use.

Purchase price to revenue is absurd.

Many times, the value add is faster to start generating revenue and can add enough value to significantly push ARV.

This allows investors to defer taxes on their gains and potentially enhance their overall returns.1031 Exchanges:A 1031 Exchange, named after Section 1031 of the Internal Revenue Code, allows real estate investors to defer capital gains taxes on the sale of investment properties by reinvesting the proceeds into a like-kind property.

@Will Boller, in a quick click around on Interval International's website (https://www.intervalworld.com/web/my/home) a major exchange for timeshare properties, it seems like it is 50/50 from my small sample looking at properties in the northeast USA, with a handful allowing Sunday weekly check-ins too.Granted, this exchange is not an Airbnb, but it is all weekly stays in condos run, presumably, by large professional operators that have studied this business to maximize revenue.  

The other item I would consider is whether you can add value (increase revenues and/or decrease expenses) during this time period that will help mitigate the rate change.

because not only do you lose revenue but there is undoubtedly some need for repairs.

As part of the search process, we work hand in hand providing revenue and occupancy projections for any properties that catch your eye, so you’ll be able to make an informed decision.

Certain markets allow you to buy completely remodelled and rented houses that will generate rental revenue right away without requiring a lot of upfront effort.4.