Private investor from purchase price and most of the rehab with a lending rate at 2 points about prime interest rate.

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.

@James WiseWith a conversion rate well under half of the others on that list, you might want to hit up Mike Dymski for help closing more of your posts into votes. 

Here's a bit more in detail about how rates are calculated for DSCR loans:1.

There is no one stop shop for all STR info.AirDNA has some advantages but can be skewed pretty far off.If you know where you want to look, just hit up AirBNB and VRBO and see what others units are bringing in, their nightly rate and occupancy.

I'd probably lean more towards Richardson than Carrollton based on what the people I know say about schools. 

I am going to give it another 12 months to see if rates come down, as my first mortgage has a 6.25% rate and my second has an 8.125% rate.

@Bubba McCants what we've done over the years is learn from the school of hard knocks and copy & paste from competitors:)If you don't have time to do all that, we'll sell you ours:)

Nightly rates, occupancy etc.So I am not a big fan of investing in CA.

If the current tenant moves out after their lease, how easily can you find a new tenant, and at what rate?