@Miguel Torres Get our as quickly and cleanly as you can.

Be willing to be deep in the details, be onsite everyday during the building process, and negotiate everything.

As a California resident I have always questioned how a land so coveted and vast could be in such a deep hole financially, but i guess you can ask that same question about our country.I appreciate everybody's insight to this discussion I have learned some good stuff tonight!

Additionally, I'd pull the permit record for the address (usually available with the city records office, often online) and see how officially they did the deep work.

Cleaning up a bit and looking to wholetail to investor or someone looking to build some sweat equity.

Revenue $90,000 ($75,000 from nightly fees, $15,000 from cleaning fees)Operating cost: $40,000 (Including insurance, tax, utilities, supplies).

The apartment seems fine for the most part, needs a deep thorough cleaning.

It's not just a matter of needing to reduce rent, it's also inscreased vacancy and delinquency that comes with a recession, particularly a deep one in real estate.

It’s more about filtering for an MSA that meets your criteria then doing a deep dive into the submarkets and then evaluating each property as it comes.

Just make sure you have a reliable cleaning crew and a maintenance guy who understands the STR market and you'll be fine.