The interest rate on the triplex is 7.5%, but because I took out a construction loan to help offset renovation costs, my lender says the ARV was already baked in, and a refinance would not make sense on that property either.

@Chris Duzan and I formed Soda City Investments, LLC and are just looking for some great deals!

That’s with a property manager handling everything and after their fees and reasonable repairs and vacancies baked in.

Plus, many build-to-rent options come with property management baked in, which can be a huge benefit if you prefer a hands-off approach.On the flip side, BTR properties can sometimes come with a higher upfront cost or a longer timeline to start generating cash flow, especially if construction is still in progress.

Besides, all the features I want are in the higher subscription categories (calendar feature, bank reconciliation, free ACH transfers) that cost $119 and $169 per month for 20 doors or less, so... meanwhile Landlord Studio has the calendar feature and bank recon baked into their sub price of $12/mo +$1 per unit.With that said, I'll probably stick with Stessa for now (free version), and continue to just let my tenants text/email me when issues arise and whatnot, and try not to yoink my hair out over my bank hating Stessa for some reason.

Bottom line, the wine isn't worth the fermentation...errr...juice worth the squeeze...I agree, too much liability.You could also offend someone else.We leave baked goods from a popular local German bakery. 

CRM's are typically "add-ons" for real estate software making them half baked. 

Looking to purchase one and struggling with the right calculators to determine the real metrics.As I understand it (recently looked at buying a former bnb) you need to treat it like any other STR with your extra costs such as food, etc  baked in to the expenses.

NEW TENANT GIFTSHere's what we give new tenants.....Cleaning Bucket with Cleaning Supplies:white vinegar, baking soda, awesome degreaser, disinfectant wipes, carpet spot cleaner, magic eraser, all purpose cleaner, scrub sponge.Tote Bag with Useful Items and Tools:hand soap, paper towels, plastic garbage bags, toilet paper, toilet plunger, Zip-It (strip for clearing hair clogs from drains), plastic clothes hangers (6), shower curtain liner (good quality cloth one), laundry detergent, dish soap/dish detergent, cutting board, "Freeze the Grease, Save the Drain" kit, “Recycle” bag for collecting materials for recyling, magnet with our name and contact information, picture hangers.Refreshments In the Fridge (for move-in day): several bottles of water, healthy snacks, bottle of sparking cider with a welcome note attached.Larger items: Welcome mat, shoe tray.

Keep in mind I said good agent, which of course is not all agents, but the moving parts and funny money the builder has baked into the pie is much more complicated then an existing contract.