If you are doing direct replacement, like replacing a sink, shower, and the stacks and pipes are staying, you probably do not.

(just looking for a ballpark here)- Average number of room turnovers per year - PadSplit says the average tenant stays 9 months- Average cost of each room turnover (room & carpet cleaning, repairs due to wear and tear)- Repairs and maintenance - how much are you typically setting aside for this?

Let’s stay connected!

Investors made offers to other investors to be bought out at 75 cents on the dollar (pretty normal process in trust deed lending - either stay in the deal until the end - or get out now at a discount.)

This often leads to frustrated tenants, and unhappy tenants rarely stay long.

If you do have an entity, treat is like your ex - stay as far away from it personally, do not mix funds and operate it at arms length. 

I currently rent in Nevada and am looking to buy a house or condo where my wife will be staying 1 week per month for school.

Just make sure you stay the course if you do get licensed and flip.Side note this happens to realtors too that flip.

However we are still on the fence.Just curious to hear how other STR owners are doing and what strategies they are using to stay afloat.

However, all the sold comps are crossed out after following a three-tiered system to determine the ARV:T1: Stay within one-miles radius, sold for fewer than six-months.T2: Size of the properties are within 200 sqft., must share certain attributes (bedrooms, bathroom, etc.).T3: Compare property typeIn "The Book on Flipping Houses" by J Scott, it mentioned about adjusting the value of the comps to ensures that they resemble the subject property as closely as possible.