Hi Michael, This answer depends on the initial purchase price, rehab cost spent, and the ARV.

Hi Christopher,These calculations are pretty standard on 1-4 Unit properties..Income/(Mortgage+Taxes+Insurance+HOA) = DSCR RatioHowever on commercial properties some lender may take into account vacancy, upkeep and other costs.

It would definitely be much easier (and probably about the same on total cost) to just cashout refi what funds you might need from you STRs and then park then cash in MMAs or 30 day treasuries until you need them.

While the project was profitable, managing unexpected costs required careful oversight.

I have noticed an interesting trend that's been more and more common since about 2018. Buildings selling for example $300,000 which need $150,000 of work but the ARV is only $420,000. Maybe people buying and not fixin...

Affordability: Compared to coastal markets, Midwest properties offer significantly lower entry costs, allowing investors to acquire more units or higher-quality assets for their capital.2.

By funding the $185,000 purchase price and the $500 renovation costs directly, we ensured a fast and smooth transaction.

If its vacant, i'll open it to STR with a short calendar window, which is where the King will come in handy as well - Going from queen to king bed doesn't really create that much of an increased initial cost, so I'm just looking for things to stand out.

No matter how well the home is designed and priced, vacationers will click away as soon as they feel like a host is inflating costs. 

Should I expect the painter to cover the cost or is that something I should cover?