With this model there's no need to do dozens of deals at a time, in fact, one deal a month can literally be worth 7 figures. 

It can be a great business model, but there's a lot to understand about MTRs because the niche is broad, but there's an art to matching your property type with the right type of guest.

Others have had some luck with Booking.com, but their 100% guest centric model, it can be a problem.

For our market, we've created a model that analyzes EVERY property in Northern Nevada simultaneously, instead of needing to plug in one property at a time. 

It's just a completely different biz model that typically only the preferred developers are able to do. 

This number is a parameter in the model.

At most of our detached houses we do supply a range, but even there we have had tenants bring their own deluxe models, which is fine with me. 

Not the purchase price.As an underwriter, typically you would model a potential acquisition using LTV on stabilized assets or properties that do not require significant improvements.This is because capital expenditure costs will typically not be financed by the lender.

BP Community - is this the best way for me to be running these #s, or is this just the new normal and the "live for free" model has slowly disappeared? 

I have several homes that fit that model.