We've come to realize that the Boston market is too tough and the numbers don't make sense (to even house hack), so just recently, we decided to hone in on Plymouth, MA... with the idea that it could be a good tertiary market to do furnished rentals (thinking short-term/AirBnB in the summer, and mid-term in the offseasons).

Thanks for reaching out Alex, I heard Kansas markets have been doing good. 

For an STR, the lender, assuming they are STR friendly, would likely use AirDNA projections, historicals from the seller (if they exist), or an STR 1007 market rent schedule to qualify the rents.

The home prices are also much more affordable, and from what I am learning, the Salt Lake City market is getting very hot, especially considering the Salt Lake City Winter Olympics in 2034. 

Especially in today's competitive market, being creative has never been so important! 

I'll send you a DM as well but wanted to connect as I'm very involved in the multifamily market for small(2-4 unit) and midsize(small apartment complexes) in the Pensacola area as both a real estate agent and as an investor. 

Most property manager cover all the services you offer charge a flat fee of 20% gross revenue. 65% is exorbitant - its 3.5X the market rate.

(At that point, you would review the loan with an attorney who would advise you if it is necessary to board the loan with a servicer licensed in that state.)FINAL THOUGHTSNo matter which scenario you choose, it’s helpful to use a high-quality loan management software program to keep track of your loans.Additionally, even if you are using a servicing company, you owe it to yourself to know what they’re doing and how the income is being applied.

Most all programs seem to be overkill for what I want to do.

I'm a rookie trying to break into the market.