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.

If you don't run your LLC like a business strictly then its easy to do things that would allow someone suing you to "break the corporate veil" and sue you personally anyways.

What you describe does not compute, with that much down you should be at least break even.

Looking to break into that general area with rentals, preferably BRRRR but know I need great people to do it with.

Has anyone sued a PM to break a contract (or been sued by a PM for breaking it)?

Let’s talk numbers.What’s YOUR monthly break-even amount for your midterm rental?

I suggest you should prioritize neighborhoods with steady owner occupancy, good schools and median price points that support both appreciation and break even cash flow.Good luck!

Stacy breaks it down great!

The breaking point came when the time cost started creeping past the management fee math.

• Where do they break down?