At first STR’s were highly profitable in Gainesville until the number of available Airbnbs went up which in the non peak months drove down prices.

It gets you out of competing with hotels and allows you to charge high prices in peak season.

If you can rent the property in peak season for 1% of asset value per week you will virtually always cash flow.  

They want more online leads, but I'm quickly learning their bigger issue is outbound sales & marketing, i.e. understanding who their customers (and referral partners) are and engaging them meaningfully.I've been lurking on BP and researching their build areas and it seems like their primary clients are developers and investors, not individuals building their dream vacation home (though they are part of the mix).Their value prop is dollar efficiency and speed.

For people who bought in 2007 at the peak it definitely took awhile for things to get back to positive. 

I think the STR market peaked in 2020- very early 2022 - I don't think it's necessarily what it was played out to be.

Also Dave this is one of bit of secret lol , if you see this chart , from month-to-month perspectiveyou would notice for this market, price is up when inventory is low and price would start to drop when inventory is at peak, this is repeatable seasonality in this market.

As things become less and less affordable we are actively seeing more people push to an hour away from a city, even into rural areas, as long as the internet speed is strong enough. 

Are you leveraging the stability of conventional loans, the speed of hard money loans, the flexibility of private money, the creativity of seller financing, or the collaborative approach of partnerships?

I did Eddie Speed’ Note School training online, but at a cost of $72K for 2 years of supported access to his mutual fund of Notes, I can’t get beyond the sticker shock of Eddie’s mentoring program, but would love to do more DOT/Note deals if I can find them.