q=f8z5B-7KWMortgage DetailsHome value:$495,000Down payment:20.00%Loan amount:$396,000Interest rate:6.10%Loan term:30 yearsStart date:Aug, 2024Property tax:$6,000.00PMI:0.50%Yearly Home Insurance:$3,000Monthly HOA Fee:$0BalancePaymentsTaxes & FeesInterestPrincipalBalance20242029203420392044204920540150k300k450k015k30k45k Mortgage Repayment Summary$3,149.74Monthly PaymentPMInot required$99,000.00Down payment amount20.00%Down payment %Jul, 2054Loan pay-off date$467,906.17Total Interest Paid$500.00Monthly Tax Paid$180,000.00Total Tax Paid$250.00Monthly Home Insurance$90,000.00Total Home Insurance$37,796.87Annual Payment Amount$1,133,906.17Total of 360 Payments

I have invested as a LP in apartment communities where there is a partnership between a government agency and the ownership group to provide affordable housing in exchange for tax abatements and long-term, low-rate government funding. 

Are you simply assigning the current lease (1 year left) or are you writing an extension for a longer term beyond the one year in addition to the assignment?

The returns I've seen as far as cash flow are decent, but what attracted me are the typical long term leases with rent escalations every year.

With that being said it probably makes the most sense to look at long term rental options.

As long as this already hasn't been done multiple times.

Just seems like a long shot.

I plan to use this investment property as a self-managed short term rental (STR) to generate cash flow.

Are you thinking of a long term rental, mid-term, or short term?

AirDNA states: “Average yield is calculated by dividing the average annual revenue potential of short-term rentals in proximity to the national park by their average home prices obtained from Zillow.