. ==== Projected Income ====**Off Season**-$4,000/Month Rent Period: September - May (7 Months) Projected Income: $28,000**Summer 1**-$8,000/Week Rent Period: June (4 Weeks)Projected Income: $32,000**Summer 2**-$8,500/WeekRent Period: July-September (12 Weeks) Projected Income: $102,000**Optional** (Basement Apartment)-$2,000/Month -Rent Period: Year Round Projected Income: $24,000TOTAL PROJECTED INCOME: $186,000 ==== Operating Cost ====-Mortgage: $84,000 ($7,000/Month) -Utilities: $36,200Gas $6,000 ($500/Month) Electricity $6,000 ($500/Month) Internet $2,400 ($200/Month) Garbage $5,000 (Estimate) Pool $4,000 ($250/Week)Landscaping: $4,000 -Mowing: $2,400 ($150/Week)  -Clean Ups: $1,600 (Spring & Fall)-Weekly Turnovers: $8,800 ($550/Week)==== Legal Cost ====Summer Rental Fee: $20,100 (15% of $134K)Sandwich Rental Tax: $6,855 (15% of $45,700) NET PROFFIT: $38,845.00

With a competitive landscape for all types of real estate I had a very difficult time finding opportunities where the price and numbers looked good, and the seller was motivated enough to carry a note.

May this year bring you strategic wins and profitable ventures in an evolving market landscape.

Why Insurance is Not Enough Unfortunately, the landscape with guests and how often lawsuits are filed, has changed dramatically in the last 4-5 years and it's a risk no STR homeowner should take!

The interior was outdated, the landscaping was overgrown, and several deferred maintenance issues were apparent.

All 1300 aren’t going to stay forever, but I promise you a few are going to stick and change the landscape.

Just make sure you are not installing this in lieu of linen closet if there's space restrictionsExterior: Landscaping, Fencing & Walkways: Don't have to spend a lot on landscaping but make sure yard is fenced, clear of debris,  private and secure.

By setting appropriate expectations, we can ensure a smooth and successful investment journey.When it comes to syndications, there are unique challenges in exiting or restructuring investments due to diverse investor expectations.

If you miss on fence, landscaping, etc, these are small and you can recover. 

Unfortunately for the owner he/she also didn't update the property in that same time period....cabinets, flooring, painting, landscape, etc resulting in a lower NOI.However, this creates a value add for the new buyer to update the property and raise the rents!