In 5 years: $100 x (1 + 4%)^5 ≈ $122 or a 22% increase.In 10 years: $100 x (1 + 4%)^10 ≈ $148 or a 48% increase.Unless your rents increase faster than inflation, you will not have the dollars to pay inflated prices and sooner or later you will have to go back to work.The key factor for rent growth is significant and sustained population growth.Sufficient to Replace Your Current IncomeYou will likely need multiple properties to replace your current income.

I love that they are still looking for solutions instead of subscribing to the "that's just money lost" mentality I have heard from other PM companies.  

Does anyone have any suggestions for banking and/or accounting solutions specific for STR management companies?

If so, you would need private/hard money so you can do renovations, and then AFTER you would do more of a permanent solution like a DSCR. 

Unless you have very high income, you won't be able to sustain anything.

Once the tenants vacated, I realized I severely underestimated the amount of wear and tear the property sustained after they've lived in it for over a year.

Even looking at gross cash flow you are at -600/mThat is hard to sustain.

In the future, supposedly AI will revolutionize the industry and streamline the mortgage process for borrowers, but there is no substitute for reputable creative financing solutions and human reassurance when the closing date is tomorrow.

Hey Neel,I am working with My Boss FInancial Solutions.

Hi Renee, not sure if you were able to find any working capital for your project however, you can try My Boss Financial Solutions.