On the other hand, a 24-year history with an 18% net IRR that includes some losses may indicate a more seasoned sponsor who has navigated multiple market cycles and learned valuable lessons along the way.Regarding internally managed operations, like property management (PM) and construction management, scale plays a crucial role.

This is very helpful and I would definitely be interested in learning more as I navigate this journey.

Ive had my license for 6 months now an i just wanted to know how to navigate a market like this with very high prices.

Here are some practical strategies to help you navigate the process.Start by understanding the local real estate market.

I am experienced in the real estate processes and could navigate everything fine.

Easier to navigate with a tablet or a computer.

I have absolutely no idea how to navigate this situation.

I would check into a few things to see what your best approach is.1) Find a great investor-friendly real estate agent (specifically one that knows STRs) to help navigate an area you may be looking in.

Hi Keri,I've navigated this several times over my 20 years in the field, both for myself and for clients.

This said, there are good people too that understand the challenges of the process and help investors navigate these waters.