STRs depend on seasonal demand and can have more frequent vacancies, while LTRs provide steady, predictable cash flow with longer leases.

Hi All, I have been researching the idea of putting together a STR portfolio and eventually raising capital once I can create a predictable system around buying and Cash flowing these assets.

Since it is conventional financing, then your friend/wholesaler may not even qualify without predictable income for 2+ years. 

The mayor challenge here is to accurately know and predict how much and the time it would take to renovate the units that are not rent-ready to bring occupancy to 95%.

Given that, we would get an immediate boost in cash flow which will also be very predictable month to month and save myself a bunch of time managing my property managers and dealing with the ups an downs of active real estate.

Zillow rent estimator predicts $3000/month I’m not looking to cash flow much year 1.

While no one can predict interest rates with complete certainly, they have already come down from the highs 7-8 months ago.

open houses are going to be very important to listing agents is my prediction.. no longer the bane of the top producing agents work week and sloughed off to beginner agents.

The appraisals are awful, awful, awful at predicting rent price. 

We are also one of the only wholesalers, if not the only one, that will go back annually and compare our predicted ARV to the price an investors actually receives on the mls after concessions.