Taking action and learning from those actions are key to moving ahead.

The team members I've worked with are super nice, but I have to ask, are there significantly better turn key provider deals to be had with a little more patience/perhaps better expectations set from me?

Price-to-rent ratios are solid, and there’s still room for appreciation in the right areas.The key is understanding the nuances of the city—it’s not a market where you can just buy blind and expect good results.

It's why this entire board is fascinated with historicals, syndicators are obsessed and underwrite deals with historicals.

Additional Info —Key Details:Location: Outside Santa Fe, NMProperty Size: 20 acres (valued at $80,000)Project: Two new STR unitsExisting Experience: Family has two fully-occupied LTRs nearby, generating $2,000/monthConstruction Approach: Self-contracted with licensed trades for electrical/plumbingCost Assumption: $80,000 per unit, plus ~20% for inflation (based on 5–8-year-old build costs)Financing: Using land equity as down payment on construction loan (expecting closing costs to be major expense)Request: Looking for feedback, potential pitfalls, and general guidance

Either way, clear communication with the guests about who’s managing the property is key to keeping reviews and satisfaction high.Permit Timing:The permit delay makes things tougher, but if you buy the furniture and keep future bookings, you might be able to use that time to update décor piece by piece without fully shutting down operations.

Rehab costs and ARV (After Repair Value) are key parts of evaluating deals, so it’s great that you’re diving into these concepts early.For rehab costs, creating a rough estimate starts with understanding the scope of work and local pricing for materials and labor. 

Although Baselane is hard at work to deliver them, a few key features are still lacking, among them outbound wires from your account.

Two other key aspects that worry me about Japan are (1) generally depreciating values of real estate and (2) generally decreasing rents. 

The key is getting (I mean the most important part) a good agent or boots on the ground.