Would love to connect and discuss what you're looking to do, my partner and I invest in Phoenix ourselves and can let you know what the returns typically look like.

Working with a private lender can indeed come with challenges, particularly regarding qualifications and funding structures.For your cosigner, they typically will need to be a member of your LLC and the private lender will want them to hold 51% - depending on lender of course.Compensating your cosigner fairly is based on what both parties believe is fair.

Below is some copy & paste info about our methodology:----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

But I’m thinking of getting into STR investment and become more active.I’m a complete newbie to short-term rentals (STRs) and eager to wet my feet in this area.

After all, you have no evidence they agreed to pay rent or any of the other terms.

If someone is exceptionally hostile in their replies to someone else, even if I like the content, I typically steer clear of voting for that particular post.There are people that I like most everything they say, but I don’t always vote for them every time because I don’t wanna make it weird.

I started with single-family homes and then moved on to condos, typically holding onto properties longer than I probably should.

That's typically because they have a lot of money and experience.

There are more buyers for SF homes, but Multifamily properties typically cash flow better as you mentioned. 

What does your typical BRRRR deal look like in 2024 in regards to cashflow and equity?