I agree that rates have naturally adjusted with the rise in the Fed rate, and it seems like the 10-14% range may become the new normal for a while.I’m curious—what’s your outlook on how this rate range will impact new investors entering the market?

EDIT: Can't delete this post, so simply editing it.

While I have not done a deal with them, their agreement requires a close timing that simply will not work with conventional lenders (usually 7 days or so).  

The implication is your ex-wife cannot simply choose to stay beyond a 60 day notice.  

If you are using a loan, well there is simply no inventory in Cleveland.

. $800k/annually less 38% taxes= $496,000 annually=$41k/mo.I was simply answering what it would take to yield $40k in cash flow monthly, that is all.To answer your other questions, I don't know what you're buying with $1M that produces gross $30k/mo.

I found similar patterns between all 5 companies: namely, they had taken on too many units, were over-charging me for things I didn't need, and weren't handling issues correctly (they would send out vendors who didn't know what they were doing, mis-diagnose issues etc.)No disrespect to the PMs on this chain or BP in general, but any third-party manager won't perform exactly the way you would like them to simply because of the constraints they are faced with as far as having so many units and owners to keep tabs on. 

I'm looking to enter this asset class at a smaller price point to learn it more.

(Hands-off or hands-on.)I like STRs as a way to make money while you wait for a property to gain value, but at least for us, cash flow is simply the icing.

I've found deals in local online groups on Facebook, simply asking people for what I want.