Mitigating factors, this is a suburb where occupancy rates are high, rents are growing, and multiple innovation-based businesses are attracting young workers to the area.5) Are YOU investing in this deal?

Fed rate has very little correlation to mortgage rates and there are many other factors more closely correlated to it.

Not sure how to account for cap ex when you factor cap ex roofs, hvacs, etc in.

Yes Lisa you can refinance out depending on what your situation is:- Full Doc conventional loans will require Income, assets/value of the property, and credit to qualify to refinance out- DSCR loans only require market rental income and credit + enough assets for monthly payment reserves 3-6 months (no personal income or other liabilities are factored in, just the property in question)- Refinancing into another private loan - this is only a bandaid temporarily to provide aide but will not be a permanent solution since most private loans term up or are due in 6-12 months after funding @Matthew Kwan@Carlos Valencia

On an 8 plex, there isn't much meat on the bones for the amount of work needed for Management, but when you factor in an additional 24 units, that starts to benefit the PM, so there is more room to negotiate.Initially, the cost of PM outweighs your returns. 

I’d love to hear about your experience and how it influenced the outcome of your project.

It seems there are so many factors that may sway that number (based on exact location/amenities) that it is hard to get an accurate estimate to analyze the deals. 

i think those are genuine factors. 

Have you figured out if you plan on using it and the enjoyment factor of owning STR?

There are more factor to look at than the cap rate.