I know they have regulations but it seems from the government website you can operate in commercial zones (C-2 C-3 C-4 C-5 UGCCC, IX, RF, RV, CX, SH).

@Kevin Siedlecki I haven’t worked with Norada directly, so I can’t speak to them, but I’ve had experience with other turnkey providers here in Birmingham, where my brokerage operates.

There's other expenses like taxes, prop mgmt software etc.Total operating expenses for the year come to $32k.

They weren't experienced operators.

Essentially, there must be a paid parking footprint in the area already.The ideal asset would cashflow from day one with the ability to add value via technology, operations improvements, and/or NN lease addition (or renegotiation). 

However, I realize I need to focus on cultivating more investor relationships that would support such opportunities, as the ones I currently work with prefer to operate independently.If you don’t mind sharing, how did you go about building your partnerships and establishing those key relationships?

Husband is finance major, worked in fintech with eMoney, I’m a finance operations advisor for recent PE backed, high growth businesses.

When you are operating STRs at scale, calculating these numbers makes perfect sense because you know the ebb and flow of your other listings.

@Ashley Gamble not sure how I didn't see this before but I hope you have made progress on this issue by now.

While you can systematize your airbnb operations to be more passive, you do have to put more effort in vs a long term rental.