Targeting that small an audience will not be easy.  

Focus on one or two target markets, get familiar with the numbers, and use tools like BP calculators to analyze potential properties.Whether you start now or after graduation depends on your bandwidth, just have the right systems and support in place first.

Ensure the deal has a solid profit margin by subtracting the purchase price, repair costs, holding costs, and your target profit from the ARV.

I believe the best way to go about this would be to use your other metrics to find an STR target market that you believe you would like to work in first.

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

If you budget the negative cash flow over the course of the hold period and have reserves set aside to fill the gap, there is no problem (assuming your investment meets your target appreciation rates - I understand there is no guarantee there). 

Areas like Aurora, Arvada, and parts of Lakewood or Westminster can be good places to look, depending on your budget and target tenant.If you’re looking for a base hit rather than a home run, focus on finding a property where the numbers work reasonably well as-is—cash flow might not be huge initially, but if you’ve got room to add value and refinance, you’ll build equity to reinvest.

Fund IV has a targeted raise of $150M.

Doing so also helps create some level of USP to a sea of growing inventory across platforms like Airbnb.With their introduction to paid advertising it’s going to be interesting to see how their algorithms change from a ratings perspective. 

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)