Investors are definitely in danger when having a propensity towards an immutable 5%... in fact that would be a concern for many limited partners we know.It is always healthy to be conservative, especially considering we are seeing rent decline in various markets. 

Once it's at a healthy point focus on flipping.

The money collected will be reinvested in growing and maintaining a healthy community environment therein or for the same purpose yet to expand successful co-living environment model elsewhere.Thank you in advance for your advice, comment(s), etc.  

Which is perfectly fine and healthy as an investor because at the end of the day, we all want to learn and share strategies which are working. 

Airbnb, VRBO and other STR platforms are performing very well with very healthy profit margins. 

 $100x36 months is $3,600, and the roof estimate is $7,000, as an example.But assuming you have a healthy capex reserve ready to spend whenever needed, the other part is simply knowing all your monthly/quarterly/annual expenses (utilities, taxes, insurance, turnover costs) and holding back more to cover the vacant units, when your actual cashflow is reduced.

I feel as though I know exactly what I want out of a deal but not sure where to take that first step.Nonetheless, the emotions I'm experiencing almost ensures me that I'm moving in the right direction.I would love to hear the communities experiences, stories, and advice.Thanks,DeaneHey Deane,The first step is always the toughest, but you are in the right place and, if it helps, the clients I have up in Indiana are doing very well with good barrier to entry and healthy rents.There will be lessons learned along the way, but like @Jake Baker said, build a good team around you and you will be in great shape.Good luck! 

This alone is letting him get started MUCH faster into syndications.If you are not making 6 figures or have a healthy net worth saved it may not be for you.

If booked 25 nights, you would walk away with a healthy $4,250 each month. 

However, concerns about inflation and the broader national economic policies continue to influence consumer behavior, with a trend towards more prudent spending and saving habits observed.The economic outlook for Raleigh in 2024 remains positive, with growth expected to continue at a healthy pace.