Due to economies of scale and technological advancements the prices naturally go down dramatically.

The goal is to build confidence, learn, and set a solid foundation for scaling later.

Moving forward scaling with hard money loans may be the best bet and would avoid the headaches of living in a construction project. 

@Fed Finjap now you're better prepared if you continue to scale and eventually hire a PMC!

these can produce good returns but best chance for success is for those that have experience in this area (I am a partner on an effort adding 8 ADUs, but it is not performing to the initial underwriting (underperforming) and it is an experienced team).good luck I get it, but not everyone has the opportunity of scale and building multiple units.

It is a great business as long as you have some level as scale.

You are on a great trajectory and learning curve because you are learning from your mistakes and also preparing to move slowly instead of scaling before you are ready.

(we charge the same Processing Fee as depositing to our bank)4) Pay online using their tenant portal (we absorb the small fee, to encourage this behavior as the internal resources saved more than cover that fee)We understand we have scales of efficiency a DIY landlord won't.

Trying to decide what is next as we scale.  

As someone actively investing in STRs and looking to scale, this raises some concerns for me about the long-term viability of this strategy.I understand the tension between hotels and STRs, especially in popular tourist destinations, but I’m curious:How real is this threat?