Hi All, I have been researching the idea of putting together a STR portfolio and eventually raising capital once I can create a predictable system around buying and Cash flowing these assets.

As for ourselves, we are always looking, but not buying at the moment as we think our money is better off sitting in a high yield savings account, versus locking in a high rate on a mortgage.I'm not trying to be a nay-sayer - as real estate is awesome.  

Systems, processes, efficient, organized, steady, handles all the details.Another model is:1.

Ive received literally hundreds of leads through their lead system/Find An Agent, and have never converted a single one.

If you use AirDNA you can see true revenue versus revenue potential and a lot of comps I look at have considerable blocking.For my clients, may are truly second home buyers who do plan on occupying the property part of the year. 

Systems, processes, efficient, organized, steady, handles all the details.Another model is:1.

Plus, a house is a huge system built from smaller systems, and parts. 

In my personal opinion, I wouldn’t be as worried with some of the niche items, like a surround sound system, smart features, sauna.

There also seemed to be a lot more room to renegotiate management or purchase contracts versus residential where people tend to tell you things are set in stone. 

In vacation markets, I'd be a lot less concerned about changing rules on Airbnb and would expect stronger appreciation, versus in a normal city.