A “sort of” competitor of mine who ran a small private lending fund was always operating in a fiduciary way vis a vi his investor’s capital.

How long has it been operating as a STR?

You do realize there are many already operating there?

I will be attending training there that lasts roughly 12 months.

They weren't experienced operators.

I know they have regulations but it seems from the government website you can operate in commercial zones (C-2 C-3 C-4 C-5 UGCCC, IX, RF, RV, CX, SH).

@Kevin Siedlecki I haven’t worked with Norada directly, so I can’t speak to them, but I’ve had experience with other turnkey providers here in Birmingham, where my brokerage operates.

There's other expenses like taxes, prop mgmt software etc.Total operating expenses for the year come to $32k.

I know exactly how this company and franchise operates.

Essentially, there must be a paid parking footprint in the area already.The ideal asset would cashflow from day one with the ability to add value via technology, operations improvements, and/or NN lease addition (or renegotiation).