Value add, which means a non-performing asset wouldn't even achieve a yield on cost of 7% after rehab and brining it up to performing status in Dallas.

Cashed out about half the properties this year, and keeping the other half that are the best performers.

I'm not sure that someone's past performance in the market will be helpful if you are trying to assess your potential future performance.

Along with the "closing coordinators", the "transaction coordinators" perform a specific set of tasks in the overall process. 

The highest-performing STRs now create amazing experiences through their design, making the property itself a key part of the vacation! 

The most common ways(and maybe only ways currently) to cash flow here are large, high priced & high performing STVR's, or multi-family properties.

Needless to say, link up with someone who owns STRs in the respective market to see how their properties have been performing over the past 2-5 years. 

We have a company that buys Non-Performing Loans and, as a secured creditor, we love seeing BK paperwork.

And even those aren't really passive because you have to be consistently monitoring the performance of the vehicle to be sure they're not running it into the ground, participating in capital call discussions, etc.

I need to perform a cost seg study on my short term rental which was newly constructed during 2023.