STR looks like an attractive option but I am a novice in this area so looking for input on realistic income and cost estimates of a STR managed by a 3rd party property management company. 

Hi All -  long time reader first time poster.I am curious as to how other small/medium size MF investors are thinking about operating their portfolios as we head into the upcoming rate cut environment (however far in the future that may be). 

Lots of low cost options to get in dependent upon credit, etc.

I am growing slowly and the larger platforms were creating unneeded complexity and cost for my business needs.  

Total cost to me = Free estimate. 

We don't sell you the home as they do, rather build it out at cost +fee for you, allowing investors to enjoy the upside in price.

If rates DO come down in the future you can consider refinancing, but don't forget there are costs associated with that as well.

Double digit loans of $250-500k can be both cost and qualifying prohibitive.

When you gut a space, costs spiral exponentially because you need to bring everything up to current code!

It’s my understanding it’s very hard to meet reps status working a w2Also I believe once you get above $150k basically you lose any benefits of reps status I think I will be able to qualify for the STR re status if I run the cost segregation when I purchase the house.