This strategy's success is predicated on a potentially exaggerated appraisal, which has dangers; a low evaluation could result in a bigger mortgage than expected.

Sometimes it's good to pause, let the money sit in HYSA or index funds and re-evaluate. 

They don't evaluate the actual floorplan, quality of finishes, view out the living room window, yard condition, the barking dogs next door, or hundreds of other data points.

I am looking for someone who can teach me/be a resource for estimating and conducting rehabs, partnerships, and evaluating deals in this market.  

Evaluate your situation, leverage what you know, learn what you need to, and execute on your level.

I've got over 1000 repeat tenants out of 1800 total tenants.That makes sense as far as how to set up your networks, but do you have each of the 23 STRs on a separate log-in with your service provider?  

I kind of assumed that lenders evaluate the property based off income and that the previous tax returns for the property would be worthwhile to provide them?

Hi Matt, whenever evaluating an MTR market I would suggest looking at Furnished Finder, Airbnb/VRBO (30+ day stays), and Zillow to try and see what other online listings are available. 

@Paul Caputo While I don't disagree with your points, at the same it doesn't make you an uninterested party in evaluating KBKG calculator.

Material Participation Activities:Property Maintenance: Engage in repairs or construction work on the property to maintain or enhance its condition.Contractor Management: Oversee the hiring and coordination of contractors or handymen for property-related tasks.Tenant Interaction: Communicate with tenants regarding lease agreements, inquiries, or property issues.Property Acquisition: Invest time in property search and evaluation processes, including visits to potential investment properties.Property Management Tasks: Perform activities typically handled by property management companies, such as rent collection or property inspections.Non-Qualifying Activities:Educational Pursuits: Time spent on real estate education or training programs does not count towards material participation.Investor Hours: Hours dedicated to investment analysis, financial planning, or portfolio management are not considered material participation.