It is a tough market and there's nothing wrong with taking a breather and waiting for things to stabilize while focusing on savings and education.

You can save a lot on costs if you do many repairs yourself.Look into hard money lenders or private lenders for the initial purchase and rehab.Connect with wholesalers, agents specializing in investment properties, and other BRRRR investors to find deals and learn more.

For that and time saved setting that up ourselves, PCS was worth the cost for us. 

Just make sure you are saving towards those slow months during the peak months, buy a deal at the right price (don't overpay just because its a turnkey STR or you think it will make more money than projected), and look into ways to increase bookings during those slow months with some marketing and operation tweaks. 

Although I saved 20-30k by doing everything myself and learned a ton in the process, doing that sucked up all my time and potentially stopped me from buying multiple multis last year.

Thanks for sharing and saving me the time!

You might save a full percent just doing that and you have tons of money you didn’t pay in points.

If you don't intend to do that right away then do the 20% and save the extra cash flow.

That means that you can buy a house on the South side -- identical to one on the North side and in its doppleganger (save race) neighborhood -- for literally a $100,000 less than you can on the North side.

I am using this time to educate myself while saving up for my first property.