I have the same vision for my portfolio of stabilized, high cash-flow, Multifamily 20-30+ Units comprised of mostly long term tenants in HIGH rental demand areas.

This reflects a growth rate of around 2.8% from the previous year, highlighting the strength and resilience of Durham's economy.House Type Breakdowns:Durham's housing market comprises various types of dwellings.

A shortage of litigation and someone peaking over one's shoulder doesn't give anyone the excuse to break the law.I now decend from my soap box.

The dye test and the occupancy inspection needed to close in most of the municipalities comprising the Greater Pittsburgh Area are not happening.

The market ranges from A to C- areas and is comprised of mostly single-family to four-plex properties.Price points are much lower than on the east or west coasts, however, rents are proportionally much higher, leading to positive cash-flow.

This includes the basic starter supplies they leave for the next guests - soap, trash bags, etc.

Total Cost: $65,000 + closing costs-------Monthly Total Rent (based on ten comps): $3,162MONTHLY EXPENSES based on current rentalVacancy Allowance 26% (conservatively based on ten comps): $822Utilities (15 trash, 100 electricity, 50 gas, 65 water, 80 internet): $245Supplies budget (dish soap, etc) $30Groundskeeper/Repairs (5% gross income) $158Capital expenses reserve (5% gross income) $158Quarterly maintenance fund (5% gross income) $158Insurance $671.2% Property tax $60TOTAL MONTHLY EXPENSES: $1,698------Monthly NOI $1,464Annual NOI $17,563Cap rate (NOI/ total cost): roughly 27.02% (closing costs TBD)Two specific questions:1) I would like to finance this deal via private money.

OTA/channel markets are the equivalent of selling your soap at Walmart: if you want their customers and foot traffic you have to play by their rules.

In my world of syndications we would refer to an equity partner as someone whose contribution to the deal is solely comprised of their bringing funds to the table. 

In my opinion, one of the great things about STR is that there is a wide range of accommodations, in a wide geographical area, with differences in property condition, size, location, cleanliness, amenities, etc.  85% of motels/hotels are basically the same, the major differences in many of the lodgings newly built seem to be the number of bars of soap offered in the bathrooms, and whether the property is served by two elevators or three.