A good eye should be able to see areas that could be improved or areas of mismanagement (like housekeeping spending way too much or F&B walking off with your food cost budget (if full service).In a high demand and profitable area, they will go so fast! 

However, it IS some food for thought.Jim Kennedy

It seems to me if you truly want the legal protection of your STR property, you'll be paying for it with the higher costs for the property (at least in my corner of Florida) and then STR isn't really worth it at that point from a cashflow perspective :/Take everything I'm saying with a huge grain of salt, this is just what I've noticed in my area that has STR-friendly districts.

You are 100% spot on. 2 things that can't fail.... food and housing. 

The company is great, the growth for Austin is great, the new jobs are great, but I'd take every word he says with a grain of salt.

Management Fees (NNN should cover but always confirm) - 3%-6%Less: Yearly accounting and Legal fees - ours are around 2-3kLess: Asset management fees ( we allow for this because we need to make sure the property is looked after for our passive investors- food for thought) - .5%-2%Less: Structural Reserve (yes sometimes this is in the NNN but I don't expect that the tenants are going to reinvest as much into the building long term as I would expect, as well at the end of their lease you can expect that they won't want to cough out anymore than they need to.

Just food for thought.

(car/health insurance, gas, food, medical bills, clothes, housingetc, )FICO: ExcellentCredit Issues: NoneAdditional Details: Theapplicant's income is recent since she just started her business in2021.

@Bronson Simmons take any crime stats with a grain of salt.

When we did student rent by the room rentals we would give each person a nice but  inexpensive (to us) gift box full of college food and items.