in a stick frame market and one of the cheapest markets to build we build with margin at $190 or so a square foot. that will go up over time about 5% or 10% a year to keep up with new build price increases. we are buidling a 3 story walk up and source some of the lowest priced crews.

Also, gifting real property generally would require an appraisal as well, which could increase costs, too.  

The increasing barrier to entry results in fewer new STR's coming available for sale, but also fewer options for guests to rent. 

We provide actionable information, not MLS data sheets.I’ve experimented with increasing the scope of our software.

@Patrick Drury what did you think of Propertyware and Rent Manager?

The Property Manager will take half the first months rent if not the whole first months rent.  

Furthermore you can vastly increase your returns through leverage using a non-recourse loan but that will definitely trigger UBIT but again the numbers can still make a lot of sense. 

The goal here would be to increase rental income.

That said most folks have price targets and if large complexes are conceding 1 or 2 months on the 1st year lease, itll put downward pressure on your rent to some degree. 

I enjoy tenants turnover ever few years for the reason fair market rents tend to increase significantly year over year.