I have experienced cash flow anywhere from 10-18% with so much more to offer.

That said, the key - number one role, of any STR is to optimize revenue and STR is all about marketing and positioning the offer (the listing) - getting the pricing, photos, and copy correct in addition to delivering an A+ experience. 

Got this note from VRBO today:Dear Partner, We are writing to inform you that effective July 1, 2024, California Assembly Bill 537 will prohibit advertising, displaying or offering a rate that does not include all fees or charges required to stay at a short-term lodging (except taxes and fees imposed by a government on the stay).

@Michael Sato I also purchased The Book on Rental Property Investing through audible I have looked through the links you provided and the forms but I was specifically looking for Brandons Offer letter to owners that he talks about where he puts a photo of his family and talks about why they want to buy an owner's property. 

And it seems like your strategy is to find a property then make an offer as opposed to finding a seller actively on the market.

I can offer you my thoughts on the matter from that perspective, and I hope that it's helpful to you. 

The villa is located in a quiet neighborhood on Massanutten Resort, making it the perfect place to enjoy all that the area has to offer.

Once they've proven themselves, consider gradually increasing hours, offering incentives (i.e. bonuses) then lastly, increasing the hourly rate.** These are all rough #'s.

If you've done your market research and know the market, when opportunities come your way then you'll already know what to offer and how much work is involved if you have the right team in place to help you fix up the homes. 

The current bank is now offering at Prime -.16%.