What do you can bring to the table?

Hi BP,I recently purchased LVP for my personal residence, and due to my "type A" personality spent quite a bit of time researching options :-)  I made a table to keep track of various factors, and wanted to share it here in case it's helpful to anyone else.  

Every submarket/micromarket is so unique, it's hard to know what your's can support when it comes to retail, and what it would be like to deal with those types of tenants, especially small business owners who may operate on a razor thin margin, like most food/coffee businesses do. 

If you are looking to partner make sure you ask yourself what do you bring to the table?

You can either pay or find one for free (which really means at the moment one does not have the capital to bring much to the table, but they have the hunger to get things done at a high-level showcasing commitment to the mentor).

With your experience and track record, 20% equity seems fair, especially since you're bringing a lot to the table in terms of finding the deal, managing the rehab, and handling the buy/hold. 

You need to create a UNIQUE value proposition, and in the world of STRs, that not only comes from many areas: namely the property's ability to capture attention on the platform and the guest experience from response times to questions or booking confirmations, to comfort of mattress and towels, to enough toilet paper being on site, through to checkout requirements.

They can provide insights specific to the Dallas market and help you make informed decisions based on your unique situation.

Fill your vacation rental with an overstuffed couch from '99 and the coffee table from your dorm room.

The properties are currently about breaking even based on their first year as rentals, but the management company used seems to be leaving some on the table in my opinion.