They might not be great for cash flow but might be great for long term capital appreciation especially when you use leverage.I’d rather own a $1M asset that breaks even but appreciates consistently by 3% than own a $100k asset that cash flows $3k per year.There’s power in investing in or near your backyard.  

More big name companies will join the STR industry and hosts who are not exceeding expectation will be weeded out by their money power.

If he opts for a townhouse, a low HOA fee will help his buying power It gets tricky using lease agreement income when purchasing a house so I do not think that idea will work.

This collaboration could be a powerful learning experience and a stepping stone to success.

My PM, who did not know my realtor, said the house looked good, nothing needed to be done, and got it rented.Turns out both were terrible, the house needed new HVAC, AC, windows, Doors, Pipe fixes, Water Heater, electric line, I found all this out after my Tenant Sued us because of the house's condition.We spent a 9 months of the tenants chasing off contractors before we got it repaired and the tenants out, then the judge granted us all our rent so we finally go that.

This unit was gutted down to the studs so there is all new electrical, plumbing, windows, sheetrock and finishes.

Additionally, we addressed plumbing and electrical issues to make the property fully rental-compliant.

Antelope Ridge off Powers and Barnes.

From a leaky roof to a backyard jungle, it was a crash course in problem-solving and patience.I bought it for $145,000, powered through the chaos with a hard money loan, and sold it for $180,000.

People are not thinking about how electricity get redone for the entire area.