Consistency of your evaluation criteria is key for staying out of trouble.

The main criteria is consistency with adopted plans.

To maximize the number of transactions you’re involved in you will need to:Be Top of Mind when they think about moving - which requires consistent reminders.Be seen as an Expert – which requires a consistent message and Evidence of Success storiesGain their Trust – which requires communicating integritySo, start out by listing everyone you know in an Excel spreadsheet.

In a great location with consistent historical appreciation, neutral or even negative cashflow is perfectly acceptable IMO.

You can also choose to take the consistent lower risk 70% of expected income model where you get that same check every month, regardless of turnover and vacancy rates.

Ofc I am not on the committee but from watching, the grandfathering of existing units has consistently been on the plan to allow existing STRs to remain operable.

While Stessa’s reports and analytics are undeniably helpful, the platform’s inability to consistently sync with financial institutions is a significant flaw.

It’s fantastic that you’re diving into real estate investing.. especially multifamily properties, which can be a powerful way to build wealth and generate consistent cash flow.

In a way, STR is a hybrid because while real estate is part of it, you are really running a one-room hotel.So if you are an aspiring real estate investor, the first question you should ask is where do I have a consistent source of free cash that I can use to invest?

It depends on your goals—if you're focused on growth, Cleveland might be the better choice, but if you want consistent rental income, Toledo could work well.