I think the STR market is oversaturated.There are a bunch of people doing 'arbitrage' and others who brought only to get the tax break without looking at the fundamentals.If you had no bookings in September, I would be afraid.It also doesn't look to be a good LTR as you may not be factoring in reserves for vacany or improvements.Best of luck to you in your decision.

Quote from @Michael Santeusanio: Speed can make or break a deal.For those who’ve used private or hard money — what’s the quickest turnaround you’ve experienced from application to funding?

@Eli Gosnell there is likely some specific forums for each of your questions if you want to dive deeper but in general looking back I think I was so so so afraid of maintenance things and major issues coming up, and the reality is, even with every precaution they will happen and come up, and even the major ones (water line break into a basement) end up not being that big of a deal in the grand scheme of things.  

Hi @Blake ArmstrongLet's break down your analysis and explore some strategies that can help you achieve your investment goals in DFW.1.

I also break expenses down on recurring vs.non recurring.

There are times where they can cover the rent till the new tenant is found, and possible security deposit is released to the owner too for breaking the lease early.

Specifically:- Estimating cash flow- Evaluating long-term appreciation potential- Understanding neighborhood demographics- Estimating renovation costsI’m working on a tool where:- You paste a Zillow link.The system uses AI to:- Analyze cash flow potential via Rentometer rents- Predict appreciation based on historical trends- Break down local demographic dataGoal: Automate the time-consuming parts of deal analysis and help investors screen properties faster. 

Building relationships with brokers is the secret handshake that unlocks the door to profitable deals. It's all about going back to the basics, the old-school way of doing business. Think of brokers as the matchmakers...

You’re only planning to stay in the house for 30 months, and with $13k in closing costs versus roughly $230 a month in savings, it would take well beyond your timeline to break even.

Since you’re keeping it long-term, I’d stay focused on tubs that can take abuse, clean easy, and don’t break the bank when one eventually needs replacing.Here’s my take:If you’ve got good bones under the bathroom floors, enameled steel or acrylic tubs are your sweet spot.