We've closed had a few luxury/jumbo STR's that way, where the revenue is surpassing projections. 

Another possibility could be a home equity line of credit (HELOC), if you have sufficient equity in another propertyGood luck with your project!

I focus solely on Detroit proper because, in my experience, the rent-to-price ratios, opportunities for value-add projects, and overall market potential are much stronger there.That said, Detroit is a nuanced market.

It’s a tough decision, but after comparing Hospitable side by side with other PMSs, I can confidently say it offers more options for most users.

Local market knowledge is absolutely critical, and it helps to work with someone who really understands the landscape and its nuances.As others have mentioned, it’s a broad question that’s tough to answer succinctly, but I hope this provides some clarity!

Financial Projections: Compare the projected monthly cash flow from renting (especially with an ADU) to the net profit from selling after costs.

Projected sale: 950-990k Replacement property budget: 990k - 1.1M Plan: rent out the replacement home until meeting the requirements, then move into it while renting out a portion of the home via short-term rental 

If you are looking for a hard money loan for a rehab project, let me know.

I live in a small rural town in MissouriIts an airbnb but I've had people from a solar plantation project in there for the last 5 months renting out at 2250. 

What’s your vision for your next property - do you see yourself leaning towards value-add projects, or are you focusing more on turnkey options?