But if those are already active MTR-able units then your set-up model isn't really relevant to that group, right?

STRs are popular in this city as they create significant amounts of jobs and revenue.I am shocked that this model is not more popular around the country.

Who is the manufacturer and the model name?

I am interested, as an active agent, to see what happens to the flat fee model.

Their Fortunebuilders company is the same model as Trump University, meaning they take advantage of novice investors masterfully.

The current model doesn't allow for proper compensation for a management company, therefore they give you a lackluster service.

It certainly is more than SF Bay Area, but is not anywhere near the 1% model.The last property I purchased was in Nov 2021 and my model, which is very conservative, showed about a 1% CoC with 75% LTV on a 30 year fixed at 2.75%. 

I deal with development opportunities where I can and synergies between local businesses.Then I have my operations manager who handles most of the day-to-day management of the properties, and they manage some of our contractors and managers.Our model is a little different than large parks because we have regional managers that cover multiple communities vs a single one.The pain point right now is mainly having consistently qualified contractors and filling vacant spaces as quickly as we can.

What most fail to realize is the STR model is more of a business operation whereas a lender cares about the fundamentals of the real estate.

Poof that whole model goes away.