I hear from a fair number of folks that are ensnared by one of these two fallacies right now.The first one is the "sunk cost" fallacy.  

If you are looking for folks who work in Philly then yes, being close to a train line or the city itself is crucial.

Otherwise, you won't have the extra funds necessary to cover the rising costs of goods and services in the future.What causes rents (and prices) to increase?

If you had an extra $100k specifically for investing is this the approach you would take?

I find a lot of folks talking about Sub-To, and few folks actually transacting.

So it’s not like having the extra $85k will get the next deal quicker.

Our slow season is months with some of the best weather IMO and people come here to escape bad weather further North.Heated pools are great, but have you ever looked at the extra cost of energy and maintenance?

Building strong relationships with these folks is key to a successful closing.

Looking to purchase one and struggling with the right calculators to determine the real metrics.As I understand it (recently looked at buying a former bnb) you need to treat it like any other STR with your extra costs such as food, etc  baked in to the expenses.

This truly is a good community of folks.