If your area is popular over Christmas, you could still get booked and with slashed prices you just lost some revenue.

I've found that having a good team of people who trust each other, stay in their lanes, and communicate are the biggest reasons we have succeeded.

Full Occupancy: The property achieved full occupancy within three weeks of listing, with strong tenant demand.High Cash Flow: The property generates $5,570/month in gross revenue and approximately $4,690/month in net profit after operating costs.Effective Use of 1031 Exchange: $300k of the total $420k investment was offset by the 1031 exchange, minimizing out-of-pocket expenses.Long-Term Stability: Designed for durability and versatility, the property is expected to cash flow for decadesLessons learned?

In an oversimplified view, revenue of $1,000 and expenses of $1,000 offset to $0 and you made no profit...yet.

I've been doing investment real estate for many years and the biggest way to get started is finding a commercial real estate market you can afford as the biggest hurdle.

Finding the private money seemed to be the biggest challenge my friend has had while doing this. 

The property management LLC's are the latest gimmick these alarmists use to drive up their revenues at their clients expense.

Biggest caveat is you didn't mention the location.

The biggest red flag is discouraging you from viewing the property in person.

Austin and it’s surrounding is on the top three list for highest decline and short term rental revenue.