For anyone that is looking at developing or purchasing an STR in Packwood, WA I would take a peek at the numbers that are on the rental sites and the amount of bookings. 

network network. be different. see what out there. dont be afraid to take risk and be patient

Each year, I like to take time to reflect on the prior year and where I’m headed in the current year.

Unless you're in a Class A Neighborhood like Palmer Woods, Indian Village, Sherwood, etc,. the additional rent probably won't support the cost to build:(More profitable to take the build funds and buy another property.DM us if you'd like to discuss more...

Do they set up and pay for water, trash, garbage or does the landlord take those on?

Faster TurnaroundsSmaller projects often take a backseat for licensed contractors, causing delays.

Does the bank take into consideration the income from the other units?

Thank you for taking the time to provide the details and the pro forma #'s. 

And start the tedious process of building those relationships.Or you could skip all that and find a mentor that also has the community of likeminded people.It will take you less time but is likely going to require an up front investment.Btw have you done a deal yet or would this be your first?

And who is taking care of the landscaping/snow removal?