Yea this is a long-term personal play more than a strict STR deal. 

At some point tax considerations play a role, because buying more properties provides tax shelter in form of new cost segregations.Speaking of cost seg, the RPA is actually hosting a cost seg presentation tonight in Milwaukee.

I always play it straight on loan applications for they can be enforced for 10 years from signing. 

It is a very safe play.

The borrower's financials play a big part as well.

While I would have built $150,000 in equity, the cash flow simply doesn’t work.Now, let’s compare this to the market conditions when BRRRR was highly promoted (pre-2020).Interest Rate: 4.75%Monthly Payment: $3,057/monthRent: $3,600/monthIn this scenario, I’d be making over $500/month with $23,000 left in the deal, resulting in a gross 26% cash-on-cash return—an excellent deal.As you can see, rates and prices play a critical role in the viability of the BRRRR strategy.

I will not be surprised if a class action lawsuit gets filed again the building company and unfortunately Wagner because he is not playing the role that he should be playing.  

I just feel like everything that I am looking at has to be a high effort strategy or an equity/value add play.

Bright MLS Chief Economist Lisa Sturtevant said it best: these incentives played a huge role in boosting new-home sales.

REI is pay to play.