Its super high, based on my assessments this year, its very difficult to get a  positive cash flow property in most cases (some states may have it).

Never flipped before.If you take out a HD loan and say your construction estimate comes in at $100k.Eventually the actual estimated construction costs only cost you $90k.When you take a draw does the bank give you money based on receipts/invoices?

I just got back from the MTR Summit and met a great Ohio based STR and MTR property manager.

There are other cloud based self managed property management softwares that you could look into if you're looking for self management tools, but they are not free though.

Often times those who enter the alt lending space wind up with novices as their customer base with poorly located collateral and limited experience.  

Or would it make more sense to get into a move in ready home and play it safe?

He could have done 23 years (unusual) but needed the payments to be close to his BAH base allowance housing so he got the full amount. 

Our original strategy included St John as a lifestyle air bnb play while working remotely and living summer to summer.

I analyze based onthe return that we are getting with our investors' money. - Annualized ROIFor Rentals that wehold in our portfolio, that were perhaps once BRRRRs, I analyze based on ROE -Return on Equity

I tried PriceLabs for 6mo based on the recommendations of the Mid-Term Rental Book from BiggerPockets.