Acquisition Target: $730K-$780K; ARV: $900K; Repairs: $120K.

Your target is skilled people who are under capitalized.

Beside investing their own cash on the same terms, the sponsors return should be heavily weighted toward “carry” (receiving the bulk of their return as sponsor in the form of an interest in the property rather than cash) with that carry subordinate to the investors receiving their investment returns PLUS a minimum annualized return.

Like many in the STR community we has switched our target from STRs to Boutique Hotel investing.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

I know deals such as this get done all the time, but I seem to have little luck targeting sellers that are motivated enough. 

Target Price: $575K-$589K; ARV: $630K.

And personally I put way more weight on buying the right location as a buy and hold investor than saving some dollars on the front end. 

Are you accounting for everything—taxes, property management, maintenance, insurance, reserves—and still hitting your target returns?

What financial targets do you have?