I totally get it—starting in STR can be tough, especially when cold calling and emailing aren’t working.

@Chris Seveney although I suppose anyone looking to do a syndication cold do it from the PMC to find investors. 

@Kieron Osullivan That was EXTREMELY helpful, thank you so much.

If that's not the monthly income, you are arriving at your cap rate by using incorrect expense ratios/expense figures and/or the property benefits from an extremely favorable tax abatement which skews the operating costs.

Pros: Diverse job market, low unemployment, great resilience during recessions, nice appreciation, 1% rule can be hit if you look hard enough, great economy, good schools, Midwest nice.Cons: Extreme weather at times (hot/humid summers, tornadoes/hail, brutal cold in Jan/Feb), high insurance premiums, property taxes also really high.

For the few that understand this niche it can be extremely lucrative.Takes less money, less time and hassle, and there’s little competition.

At the water heater the cold line in will calculate all usage.

I would also tell you to be extremely careful when doing contracts with builders. 

If you can buy something habitable, and rehab it over time while you live there, that could be a home run of an investment when you look at your return on investment, especially if you house hack.Sure you may leave cash in the deal, but if you buy right, it could still be an extremely profitable and low-barrier to entry way to get into real estate.

Overall, the setup and funding process was extremely straight-forward and the customer service was great.