Plus keep in mind they call it Spring Hill for a reason there is a lot of under ground springs and that means a lot of sinkholes.

Keep saving as much as you can.

We keep a very accurate spreadsheet of STR eligible properties from Brookings through Astoria to help us and our investor clients navigate and focus their search on listings that are both eligible for a permit and forecast lucratively as a AirBnB rental (our current list hosts roughly 100+ on and off market STR's for sale.)Due to the very limited housing inventory, properties that meet client(s) search criteria and budget can boil down to a handful of active listings along the entire coast.

I think we could all agree there are basically three answers:A) Stay the course - keep adding 10 bps for each year held based on stabilized market cap rateB) Take a little risk - use the current market stabilized cap as the exit cap tooC) Throw caution to the wind - use a cap rate that is less than the current market cap (*If you pick this answer what method are you using to predict a cap rate)Which answer would you pick and why?

@Elijah Bergi know it's a challenging market... but keep looking for that house hack.4th offer - that's great! 

I owned and operate 2 ALFs in Arizona for last 17 years , let me know what questions you have keep mind laws are different in each state you will be under Department of Health licensing rules and City Planning Zoning rules Good luck! 

She just moved to another one and my PM hasn't gotten me the name of that one just yet.That's probably not an exhaustive list, even my PM is having a hard time keeping track.

It helped me learn, build confidence and really light a fire in me to keep pushing. 

My wife is willing to co-sign on the deal and I would like to keep the property under the LLC for safety.

It’s a heavy tourism area with year round demand and tight restrictions on STRs that keep room rates high.