Quote from @Chris Seveney: @Jay HinrichsYup and people will buy them at tax sale then sell them seller financed for $5k after paying $100 to some sucker who wants to own vacant unbuildable land in middle of no where for $100/month that model is a huge business bigger than most anyone can fathom frankly.

So if I can follow this model and achieve similar-ish returns with limited amounts of work, I require a greater return than that from real estate.

On a tub most like a glass door but kids tend to slam them so we have had to repair some of the cheaper models coming off the track. 

Our wide-open buy box and fast and loose acquisition model also meant we were not satisfied with buying and flipping standard, traditional properties.

I know the general basics of the market, the business model, etc, but I was hoping to take my knowledge to the next level.My biggest goal right now is to own a rental property before I graduate college (currently a junior in high school).For context, I love reading books about investing and personal finance (I have a very solid foundation of knowledge built up) and I currently have a portfolio of about 11k between stocks and crypto. 

All of their fortune 500 companies seem to have business models that will have trouble sustaining any real growth against new tech.

The nuts and bolts of putting together an Excel model?

This is still a very tricky area for lenders as there are not many "industry-standard" tried and true rules - many DSCR Lenders and buyers of these loans are still wary of the SRO model - that being said, it is a lot easier and more flexible to underwrite on an acquisition if you are buying and the property could be utilized as a LTR / MTR or STR as that allows for a more tailored projection (as long as the property doesn't have unique or altered characteristics that would require it to be a SRO / MTR)

Happy to share my excel model and my approach.

For me below is a short list, but bear in mind that my specific STR investment model is 'vacation house for free'.