.: Anyone operating an STR in Logan Ohio willing to chat about their experiences? 

@Henry Clark thanks for sharing this detail, really interesting to see the operations and "stabilizing" side of things. 

Sometimes even with referrals and trying to vet an operator they still fall flat when it comes to execution.

- Run your numbers (including all operating costs including property mgmt) based on current rents in AS IS condition and renovated.

If you don’t have a clear understanding of your cash flow, operating costs, and future expenses, you could be setting yourself up for financial stress down the road.The Power of Financial ClarityYou can’t make smart decisions without knowing the full picture of your finances.

Before committing, I’d highly recommend researching demand in your target area and connecting with operators who already run similar rentals there.A tiny home or glamping concept could be a huge hit in a market where it’s fresh and unique, but in areas where it’s been done before, you’ll need to bring something innovative to stand out.

Must have Articles of Organization, EIN Letter, Operating Agreement. 3.

Additionally, the rental arbitrage strategy is not investing, its operating a business.... an extremely risky business.

I need to better understand all impacts each option has for a smaller operation.

For your example, making the basement fully operational as a livable space seems like a great value add.