Our Private investors will fund the remaining 10% of the purchase price, the first portion of the rehab (to be drawn later from the HML), and the holding costs.I use this equationto back into my maximum allowable offer (MAO)ARV - Rehab Costs -Holding Costs - Purchase & Sale Costs - Desired Profit as a percentage ofARV = MAO

@Pamela Gates I'd be happy to share my thoughts on condo-tels with you, but can tell you it is not going to give you cash flow that you likely desire.

You will not find any inviting of your desire to work around from within the system because all of us, were in the system, we bite that bullet, paid our pound of flesh.   

The potential for significant value addition through strategic renovations and the opportunity to transform underutilized properties into desirable homes sparked my interest.

@Benjamin P.I use this equation to back into my maximum allowable offer (MAO)ARV - Rehab Costs - Holding Costs - Purchase & Sale Costs - Desired Profit as a percentage of ARV = MAO

Move into other more desirable markets now too: Cali, Florida, Carolinas, and now you have the stability, the structure, the experience, and the capital to never stop building your air BNB empire.

On a fix and flip you may want to up your minimum profit desired before jumping into to a deal if the market is shaky, but as has been stated people still need houses regardless of the market conditions. 

These elements may affect how desirable the location is.Local Laws and Regulations: Learn about the laws and rules pertaining to tenants in your area.

Conversely, what strategies have you tried that didn't yield the desired results?

That hasn't been my experience and I believe the desire for furnished long-term rents (6 mos, 1 year, etc.) will grow a lot more in the future now that people see it as an option.