Quote from @Stuart Udis: The natural buyer of the entry level SF homes have limited cash and therefore the biggest obstacle they face is funds to close.

How come you don't see the excitement you could have, of asking yourself all those questions at your desktop, if only you had some skin in the game?

I also assume a 3-4% yearly rent increase, which naturally increases the vacancy and repair amounts over time.

By nature a business is all about cash flow, equity is second.

The key factor is the amount paid and the nature of the payment, not the payment method.

While it’s not impossible to close in mid December and still meet all requirements of the STR loophole, it will be extremely difficult due to the nature of hitting 150 hours, having it rented for 15 days or greater and having the avg stay be no greater than 7 days and not a decimal more.

If they are not changing their personal lifestyles to adjust to this, not communicating, doing new deals leaving old ones to wither then you know what your dealing with the goal ( human nature i guess) is to keep lifestyle intact at all costs.

And very rarely does a market hold it's position measured over decades as there is a natural cycle of growth, maturity, decline, redevelopment, growth, maturity, decline, redev...... - OPPORTUNITY COST: The 1 constant in life is CHANGE.

Eventually it becomes second nature.

I was the oldest boy so naturally I helped dad with all the renovations.