It is important to remember you own real estate in the Poconos and you are choosing to operate a STR business.

Each should be able to operate on its own.

If it's currently an STR they should be able to provide you with the p/l statement from prior years so you can see gross rents, operating expenses, average daily rates and occupancy levels.

NET OPERATING INCOME: The Net Operating income of the property is higher than the budget given to investors in all 6 months.

I will say that even though you get the boost from VRBO and AirBNB, the first year of operation is usually lean as you build up the rep.Offering a discount on the stay is a way to be more attractive but don't go crazy.

I’m in Ohio, so I can purchase a property with $40k cash out, invest $10k in repairs, and rent for a couple hundred above the monthly operating costs.

These guys operate like flies on the wall.

I get into contract in my operating company and then assign the contract to the new LLC prior to closing.  

Originally posted by @Joe Sera:@Christopher Smith when you 721 into the UPREIT you receive Operating Partnership Units (OP Units). 

Does anyone represent a wholesale lender or is a broker that knows of a lender who finances commercial (multifamily) properties that operate as AIRBNBs?