But we are only a handful properties and it’s completely doable to do your own tenant placement. 

Income Late fee Gross rent Expenses Advertising Cleaning Gardening/lawn mowing Insurance Interest on loan(s) property tax Legal expenses Pest control Property agent fees/commission Repairs and maintenance Water charges Electric Bill Total expenses Net rental income or (loss)

It totally depends upon the size of the STR. 

7.75 % for refi out of hard money into 30year rental loan.  179k total loan including 25k cash out.  2 points.  

If the rent is $3,500/month and you have around $300,000 in total costs (purchase + rehab), you’re looking at around a 10% cap rate assuming financing works out well.

The 12 max occupancy without a sprinkler system is due to a state law, so by law you are limited and it is out of the fire marshals hands. 

At a conservative 6.25% capitalization valuation, the building is worth $16,480,000 in 9 months based on a run-rate NOI of $1,030,000.Key Finacial Highlights:- Projected Total Revenue Potential: $1.15M to $1.7M, reflecting a 48% increase.- NOI Growth: From $603K to a run-rate of ~$1M within the first 12 months, marking a 73% improvement.

Minimum cash required is $185k (for the full DIYer) but most that want a more hands off approach should have at least $220k (downpayment, closing costs, professional design and amenities).  

At a conservative 6.25% capitalization valuation, the building is worth $16,480,000 in 9 months based on a run-rate NOI of $1,030,000.Key Finacial Highlights:- Projected Total Revenue Potential: $1.15M to $1.7M, reflecting a 48% increase.- NOI Growth: From $603K to a run-rate of ~$1M within the first 12 months, marking a 73% improvement.

If I can't find what I want second hand then purchase from local furniture store for heavy use items like beds/frames, dressers, dining sets.