Now, I have something pretty spectacular.

In addition to the river front, it sits high on a bluff and has spectacular views.

Perhaps a better way is to go view the show home of the most spectacular home you can find and 'imitate' the finish package?

Being accredited is nice, building relationships with local brokers & commercial lenders is good, being a part of a investment program is awesome, learning from BP is spectacular, but what else can an investor with no syndication experience bring?  

Spectacular deal but I don't know if that's the norm for these places.

I also like to give back to the community which is why 1/2 my double is reserved for long term only since the STR and investors are pricing out all the people who make NOLA spectacular.

To add to that, to be in Marin County anywhere and look at 5.6% cap rate prior to accounting for your mortgage is spectacular. 

Fast forward to 2021 and it was a spectacular run up in demand to buy STR properties in vacation markets.

To put that number in context, I have spent $125,000 where I live and net more (granted, bought it 4 years ago, but the point remains… $1,000 a month on a $500,000 investment isn’t spectacular in my opinion.)We did the math starting out and to put it in short terms, the least you can spend to make the greatest return is the best deal to stretch your money and optimize your return.  4 years ago that was buying at $75,000 a door to make $1,000 a month and net 1/2 of that clear after all expenses and a maintenance reserve.  

Unless the place is spectacular, you may have to discount the nightly rate so that the STR tenant may comply.