Looking for any input or advice on how this strategy actually works.

To adapt, focus on refining your ARV and repair cost estimates, explore off-market deals, and consider creative financing strategies like seller financing or partnerships.

Nightly rates: Yes, but the benchmarks should also be lower.Year 2 turnaround: What strategies could we implement to project a higher ROI in our second year?

As a property management company in Washington, we help owners navigate these challenges and optimize profitability if they want assistance analyzing their property or planning future strategies.

RE is always changing and if you have only one niche then well your limited in opportunities and subject to the conditions that exist at the time for that strategy.  

Thanks @Robin Simon I plan on reproducing this strategy in 2025 to buy 3-5 more. 

I liked real estate so I got licensed, worked on a bunch of different RE strategies, started developing and managed to get myself stretched thin very quickly again, I basically made the pendulum swing way too far and had to consolidate again to find my path.

Are there any strategies here to utilize bank funds for our project?

As I approach my move out strategy where I will be converting my upper unit into a STR, I often think of guest interaction amongst the two units.

While the borrowing costs are higher, I’m exploring strategies where the returns could offset this.