The average startup costs for me was in the 15k range.  

If yes, how many guests did you have in 2023 and for how long on average?

There are already 3k properties in the market currently and the average occupancy has dropped almost 23% in the last 12 months.

And while you may be experiencing worse than average issues here, if you can stem the tide for the time being financial you will come out of the other side learning a lot and you will be ok. 

The goal is sell a product, a venue, a strategy, and everything in between with some responsibility.

Details2,819 SF, single family residence, 4 bedroom, 3 bath house, with a poolThe house is in a very desirable location.Market Value - $950,000Mortgage Balance - $226,137 (10 years left)Martgage Payment - $2,250/moInterest Rate – 3.5% Average Rental comps - $4,430/mo (looking at the comps I think it is above average)It certainly looks like it would cash flow, but that leaves buying a new house with a small downpayment and high interest rate.

@Adam Peralto More & more owners are posting here on BP about their rentals sitting vacant too long.Which means owners aren't paying attention to the rental market - which is slowing, causing Days On Market (DOM) to increase:(Take a look at the graph below from ShowMojo, comparing average DOM for 2018-2024.DOM are now about 40% longer than they were 2 years ago.Many owners also don't seem to be aware of real estate market fundamentals, such as seasonal effects:1) After September, when kids go back to school, there's a noticeable dip in activity in both the sales & rentals.2) After Halloween, there's another noticeable dip.

Looks like you have a solid plan, compound interest will take care of the rest.Can i ask what mortgage product you intend on going with?

We also wanted to fill in any gaps in our understanding of the BRRRR strategy before jumping in head long. 1) Their coaching product was detailed and easy to understand.

Increasing your construction budget by a small amount can have an enormous impact on your overall construction budget, productivity and site safety/insurance premiums.