Running detailed cash flow projections, factoring in their management fees and expected rent increases (you can use some of the great BiggerPockets Pro tools like the calculators to do this!)

@Josh LemonsThey have a regulation A offering which is open to accredited and non accredited investorsThe great thing is they have to submit their offering circular and have it qualified by SEC as well as submit financial information etc.All this means is the information is readily available and if you do not understand it then I recommend engaging an attorney who can interpret it.

Still, it makes sense because oftentimes some of the rents have never been raised for years, and those NW side neighborhoods have increased rent dramatically! 

I estimate high of what the bill would be and put it on their lease, I have not had any issues this way and if the water bill goes up, I will increase on the next lease. 

I would also increase your underwriting rehab estimate number by 15-20% since most renovations go over budget.

I think your income easily justifies a common-sense, time-proven method: increase earnings, reduce expenses, save, and invest.

My first investment was not a great one, but rents increased from $1200 to $1900/month in a few years.

We have a direct engagement with the manufacturer of Helix Mattresses and we have been using this as a perk to our clients who are either coming onboard with new properties or for clients in need of upgrade or replacement. 

I listed a rental property on Zillow and paid for premium exposure to increase visibility.

There are other communities that would have better opportunities to cash flow.Although there is no guarantee of future income on any STR, I believe that 2025/2026 we will see a good increase in travel, mainly due to EPIC opening and the overall attitude of 'the people' coming off of the election.