Congrats on the project.

At the time there were limited 3 BR rentals in the neighborhood, but achieved such high rental rates the properties ended up performing better as rentals than as a for sale project.

Learn how to acquire a property, manage the property, and manage projects.

Really depends on what you're looking for, the nature of the project and again, location. 

It is tough to crack, but it has so much potential. 

Land is very tough to estimate value do to it's valie is based on what you can do with it and how much demand there is for what ever is ultimately done with it. 

Sold on 11/22/2024 for $110,000, this project highlights our strategic approach to revitalizing homes and delivering exceptional returns for our partners.

I got good at estimating renovation costs by making an initial estimate based on photos/walkthrough, drawing up a model like you see here, then once the project is finished, go to accounting, get the actual expense report for that property, and update the model.

I’d really value your input on this project and any recommendations you might have.Thanks,Maddy The original poster asked."

I totally get it—starting in STR can be tough, especially when cold calling and emailing aren’t working.