This is particularly beneficial in popular tourist areas where demand for short-term lodging is high.Flexibility: Owners can choose when to rent their property, allowing them to use it personally during off-peak times.Support for Local Tourism: STRs provide a unique lodging option for tourists, helping to boost the local economy by attracting visitors who may prefer a home-like stay over traditional hotels.Diversification for Investors: STRs provide real estate investors with an additional income stream, especially if they own properties in tourist-heavy areas.Cons:Strict Regulations and Higher Fees: San Antonio recently updated its STR regulations.

This is much much much faster and requires far less equity than if you compared that to say traditional single family rentals. 

I am considering constructing a modular home which should reduce the construction period to 4-6 months versus traditional home construction.

The older parts of the city will have this type of housing as the newer portions will have more traditional family-style living.

You are the member of the LLC not an s corp or a c corp which owns the LLC - which is more traditional in syndications and other setups

We are seeing co-living investors be able to obtain strong cashflow vs. the traditional long term rental where price points are below $320k or so.I'd pick a sub-market that you have confidence in holding over the next 5 - 10 years.Personally, I like the northern parts of the metro (Kennesaw, Acworth, Cartersville) for LTR and Dekalb, Clayton, Fulton) for Co-living.Feel free to ping me if you'd like to chat - happy to help!

We estimate that financing will be about 1% more than going a traditional route. 

The other is a non-traditional offering (higher risk and ideally higher return that even with some large issues seems likely to hit the high returns and is very frank about the problems they have encountered).  

For simplicity, I did not include closing costs or loan points in the purchase price numbers, but did include a fee of 10% of the sale price to cover closing costs, commissions, and minor repairs.ModelsBelow are two tables showing the IRR for the traditional rental, using a 20% down payment, and the BRRRR models using a 75% LTV loan.

with no experience, it wouldn't make sense to borrow the capital of a private lender.if you have enough cash to buy a property with a traditional down payment to get your foot in the door, you can do so.