What market study have they done to confirm the net returns of 10-15%2.

Problem is the cost of these improvements is not justifiable if you were to get bids on the open market.

So will more inventory hit the market in 2025, probably, but the key is, is it quality STR inventory hitting the market. 

Capital Markets Commentary– September 10, 2024Good Morning!

Lots of off market deals. 20% rent increases in the last year.

There are better more experienced operators out there... don't be swayed by the Brandon Turner marketing machine like I was.

So new kid that bought his system was offered a two hundred bucks MF that was normal appraised for 150k only lol… and expecting that market would just grow , the system is working in 2009 though same thing to what Greg Hugher did in other bankruptcy filing lol

When I ran that same property in BP (preforeclosure) it gave me an EMV of $71,003 but, also on BP, in the 'Find Deals' tab, it gave an off-market value of $116,660 and on Zillow it is zestimated at $93,600.

Not much 4 units come on the market that is turn key.  

We have been long term owners for many years and have recently decided to make the move to medium term on 1/2 of our duplex to test the market.