Providing strong supporting data from your Airbnb bookings, market comps, and STR reports will strengthen your case and help you close faster! 

The key is ensuring the after-repair value (ARV) supports refinancing to pay off the initial funding without overextending.Fix-and-flip - This requires sharp numbers and market knowledge.

Hey no advertising on the open forum your going to get reported  LOL..

As such, I’ve focused my research on out-of-state opportunities, particularly in the Midwest and other promising markets.In order for me to comfortably leave my W-2 job, I would need to secure no less than $350,000 annually, as that supports the lifestyle we’ve grown accustomed to.

Some questions to consider:1) How much negative cashflow can your other income stream(s) support?

I really appreciate the encouragement, support, and advice!

Originally a 30 year lease, theres about 20 years left to an advertising agency. 

In the meantime we are talking to the property manager to find other STR's in the area so we can support a fair market STR rent. 

Unless you're in a Class A Neighborhood like Palmer Woods, Indian Village, Sherwood, etc,. the additional rent probably won't support the cost to build:(More profitable to take the build funds and buy another property.DM us if you'd like to discuss more...

What would your do to figure a proforma that supports and offer for a profitable property?