Also, properties on the lake cost 3-4x per SF and have a major downside for Dec 1 - April 1 or so: they see a giant mud bowl out the window because the lake is drained.

At a minimum, it needs to stay dry, which means getting any standing water out (sump pump and french drain), ventilation (moving air will dry out excess humidity), and a vapor barrier over the soil.

So far I've notice some towns have regulations or already blocking STR like Woodstock, thing is that those are saturated markets already and no room for STR (IMO), but catskills is so big its a matter of a location and price! 

The total build is about 2,060 sq ft.We'll operate it as a STR and probably do $4,000 - $5,000/mo in rents and then have the flexibility to block it off for friends and family when they visit.I will say the process has taken longer than hoped.

It can go block by block, so having an intimate knowledge of neighborhoods is critical.The key is to not over pay in the more distressed neighborhoods, and to overfill, expecting to attract higher paying residents.Use this link for median income --> https://geomap.ffiec.gov/ffiecgeomap/Gino

Our plan is to sell or refinance within 15 months targeting a sale price of 3.5 million.This property is two blocks from the beach.

I think the major stumbling block to the model is the absorption or start up.. you would need many clients to get this to work..

I now constantly see "jammed" on the app when it is locked fine. research says that can happen as battery drains (its at 55%). 

My investment strategy focuses on long-term, low-maintenance SFRs in high-demand areas, aiming for cash flow rates above 7%.The market dynamics can vary significantly from state to state, and even from block to block within a city. 

New guy on the block and excited to be here.