ThanksWith described characteristics and a few assumptions on DSCR, we are very low 7’s with no repay and 1-point if that helps for sizing. 

We are a not for profit member community that has tons of networking events, educational seminars and vendors to help you in any journey you find yourself attracted to. 

We are planning on purchasing an STR (probably condo) in the Treasure Island area of St Pete.  

As stated we are not interested in folks that do a  few a year.

We are not in a normal world.

We are members of CFRI now so we'll be at the meeting this week.

We are on my income only now due to the kids, and have little to invest at the end of the month. 

I wanted to reach out to y’all and see if this is a common experience or if we are doing something wrong with our process.

I think the right investor would do 2 units long term one unit short term. this strategy allows you the greatest flexibility. we are also developing an extended stay hotel that's 58 rooms. the size of the average room in that is 216 square feet and rents for a target $80 per night. our development cost per room is 100k per room with hard construction. the smaller you go the more money you make. if I was to suggest anything it would be to focus on the smaller part of the market and on multiple unit dwellings and finding and identifying markets that meet similar numbers. that will probably be midwest markets.

We are thus asking that you fix the problems.