We desire to learn a ton and be in 100% so would going for a 5+ unit be too much at first or should we hold smaller units and try to multiply more frequently?

So many owners list on multiply platforms including VRBO, FlipKey, HomeAway and local sites.

Recently I’ve tried estimating daily rates to charge for STR’s using the enemy method (estimating the daily rate for a potential property based on listings on air bnb for a property of the same size) and the multiplying the daily rate by the occupancy rate for that real estate market.

It is a +ve multiplier on your future real estate endeavor.

All while keeping his rents at gross multipliers of what looks like 1.5+.  

To do that, you should find the historic rental rate increases for that area and multiply it out for 2 or 3 years. 

January – March Sales Volume - $32,594,800 (31% of the total volume in 2020)Number of units sold – 352 unitAverage price per unit - $98,832 (94% of the all-time high price in 2007)Average Gross Rent Multiplier – 10.63Citywide Vacancy Rate – 1%Average Rent Growth - .67%Good Luck in your investing.  

Since the rent is usually what is allowable in the area multiply it by 12 and calculate what the expenses would be minus the mortgage of course and allow for a 5% vacancy. 

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He is currently furnishing one of his 3 family properties and was telling me about the strategy and the multiplied cashflow by signing a lease with a placement agency, and them take care of the leasing/services required for the residents.