I.e. if you are great with numbers and an excel wizard, you could likely seek out a "deal" guy, who loves networking and hunting for properties, but doesn't really understand how to translate operations into financial models.

It’s experienced significant growth, particularly with tech giants like Intel, Meta, Amazon, and Google establishing operations, which has driven up property values and created new job opportunities.

Last year we looked at 515 operators and deals and only invested in 11.

Those sites are a good starting point, but I wouldn't underwrite anything solely based off those estimates.I would suggest Enemy method - Same bed/baths, Amenities offered are step one, but speak to other operators that have similar properties/amenities and compare numbers with them (That is true data not estimates)How well are you marketing and providing guest experience?

I think that we are making, and have made, big changes to get back to this core message, but understand that it will take time to get there.

So the govt entities can't come in and change the laws to restrict or prohibit STRs from operating like they are in many other areas. 

I'm confused about what exactly gets included in the operating expenses that are used in the DCR calculation - perhaps there's some variability?

it is going to be extremely difficult to buy a property in a market you don't know and don't live in, and operate successfullyfor example - don't do thishttps://www.biggerpockets.com/forums/48/topics/1137397-balti...

Many multifamily projects face challenges, including rising interest rates, operational inefficiencies, and decreased valuations, which drive the growing need for alternative financing solutions.This environment presents a unique opportunity for mezzanine debt and preferred equity investors.

This structure explains why institutional players dominate - they likely have the capital, connections, and infrastructure to operate effectively in such an environment.