Finally, be prepared for long timelines and budget flexibility due to the permitting and approval process.Good luck as you grow your portfolio!

That’s not the hard part...the real challenge is choosing the right market on a short timeline without prior STR experience.I’ve spent countless hours researching, underwriting, and convincing myself I’ve found the perfect market - only to second-guess and start over.

He possesses a deep understanding of his target neighborhoods, crucial for accurate valuations, and is adjusting to market shifts through meticulous financial analysis and timeline management. 

What’s your retirement timeline?

The 6% vacancy rate is a good estimate, but local market fluctuations could affect rent.The HML terms (11.95% with 3 points) are high, so ensure a clear timeline for refinancing to minimize interest costs.

They should track progress, quality, and ensure the budget and timeline stay on course.

But if real estate investing is your priority, it’s important to consider all the costs and timelines before committing to an IUL.

If I were in your shoes, I would put together a pro-forma for your project that includes projected timelines and returns over time for both strategies (I'm assuming you mean SFH for sale - if you're also considering Build-to-Rent SFH I'd add that analysis as well). 

I.e rent growth in a base case, upside, downside; mkt cap rates in base/upside/downside etc. how this affects timeline and stabilized yield. 

What can I expect for timeline, potential issues, rough costs?