My best deals have had lots of hair on it.

All you do is put a few pieces of dry dog food or cat food in it, turn it on... and zap. 

This is just the latest in an arduous process, to find the deal under market value on the land, rezone it to multifamily district (long and costly process), permit a six suite rental (difficult with many technical fire code and structural engineering challenges), build the units (using all my experience in home building and every possible favour and technique learned over the years to project manage), get financing to finish construction (from a private lender after the bank lenders totally dried up on this type of financing), and pre lease the units while under construction to quality tenants.  

There are normally 3-4 threads on this subject running at all times here on BP.Those that extol the virtues of raising private money will be shouting from the rooftops that (a) they told us so and (b) now is the time to be raising PM, because the traditional bank debt avenues are going to dry up for a spell.  

Concrete will wick moisture  through it even if a basement is relatively dry.

Curious whether there is still opportunity to enter this space or if the lack of posts is a red flag that opportunities have dried up?

I'm getting bled dry.

All that money from visitor spending and taxes will just dry up and blow away. 

Its a very cut and dry explanations for how to apply for, and run a, STR.

Anyone else is going to bleed you dry with a smile, and the manager who believes in you is also going to do it...but out of stupidity.Don't make this deal or others like it because you can't wait to be a success.