Since I am living far away from the STR property,  I am interested in knowing if anyone has had any success or issues with this type of long distance STR model? 

It’s going to go away from a commission based model (which to me never really made sense but not complaining about it). 25 years ago when there really wasn’t online listings and you would check the newspaper or call agents for listings times have changed and commissions made sense.

I am trying to sharpen the pencil in regards to my financial model for the single family homes that we own. 

Other businesses pop up, see what the successful businesses are doing, and copy their model in hopes of building a successful business for themselves.

I would highly recommend working with a broker that really understands the nuances of this style of loan as each lender has different credit requirements, leverages, and ownership requirements. 

They’ll often make your agent “register” in the office before you walk any of their models.

However, you accountant should be building you the model with/without accelerated.

Hi everyone,After rigorous excel and a financial model based on all the feedback and advice, we made a decision to start in San Antonio, Texas.

Share your assumptions below for a tailored model and insightsNeeded: Rent, Rental Growth, Occupancy, Interest Rate, Loan Amount, Property Tax, Maintenance Expenses, Purchase Price, sum of all Closing Costs (including commission), HOA Fees, and Renovation Costs.

I intend to gradually develop the park by acquiring used mobile homes for around $10,000 each, relocating them to the site, and performing minor renovations.To make the venture sustainable, I'm considering implementing a rent-to-own model, with the ultimate goal of transitioning to a Tenant Owned Homes (TOHs) setup with $300 lot rent.