With the new STR laws in Chelan County putting lots of restrictions on STR owners, occupancy limits, and a cap on the number of STRs in certain areas it is very difficult to get into the STR market here right now.

Purchase existing cashflow retail centers that need light cap ex and rental increases.

@Jesse Imes echoing what other have said here, the value is going to be based off of sales comps rather than a cap rate on the potential income.

And if they will cap the amount of members in markets at some point.

Meaning that even with cap rate expansion set to 0%, the sale price is lower than the going in purchase price. resulting in negative/low yields.Am I missing something here?

Breckenridge and Summit County didn't ban vacation rentals, but they did put a really low cap on the number allowed, but still allow existing Airbnb properties to operate (even though the existing number is WAY over the new cap).I differentiate between towns that allow STRs through an active permit process and those that allow STRs through a lack of law banning it.

That one will only take 1year and a bit to payoff from the assumed $30 a month income.FinancialsI am not gonna discuss a lot here, but I'll try to discuss the important stuff.My cap rate is 10.6% despite the rental rate is not the highest.

Here are some numbers185k PP = $1400 mortgage ARV=220Rents for 2500-3000 a month Saving 15%-20% for M&R, Cap Ex, VacancyIt will CASHFLOW very well...

Some have capped fees, monthly fees, etc.2.

Hey Darian, Most DSCR lenders are capped at 75% LTV for cash out refinances for the time being.