I did the same type of analysis you have done and the margins ( although positive ) were seemingly just too narrow and I became spooked that any little change in the REAL numbers would upset the apple cart.

Sounds like the Russia-Ukraine War is not going to help with materials and building prices though.Hope this helps!

The market is moving fast and I don't foresee it slowing down this summer at all, even with the FUD (fear, uncertainty, and doubt) around interest rates, inflation, Russia/Ukraine, etc. there is still going to be high demand for real estate purchases.

It’s guaranteed money, but whether it’s Ukraine or Haiti there will be hiccups down the road.

"Probably because of Ukraine and all that..."

It wasn’t a factor at the time, but we can now add the geopolitical uncertainty introduced by the war in Ukraine to the mix.The new May 2022 report from the Austin Board of Realtors may indicate that demand is indeed slowing in the Austin area.

I can definitely ask the banker but I also don't want to spook them and then not have them grant the loan in the first place.

What a subject property sold for is irrelevant and showing that history may spook investors when they see that the price keeps going higher and higher.

Not enough doorknocking time in a year to cover that and besides, as you say, you aren't talking to the owner and you DON"T want to spook the tenants.

Hey All,Given the common reoccurrence of wildfires hitting the west, has this spooked or given anyone uneasiness that its not a matter of "If", but more of a "when" a natural disaster such as a fire could affect your STR property?