@Brendan Fucci if you are trying to determine hard cost (slab up) the most effective way to get an idea of that number is to run a residual analysis.This is done by using local comps on new construction of homes of comparable size, price point and finish in your market area and deducting everything (including a builder profit) from the comp’s list price.Let me know if you’d like a pro forma that performs this function and I’ll send you a spreadsheet that finds for hard cost and or finished lot value.

I use batch skip, there are a few other go to’s and I would not use any manual function as it eats up your precious dialing time- That strikes me as too high for VAs.

Some buildings function more like a hotel where they will handle everything catered towards short term rentals- these types of buildings will more likely have a lobby concierge, they can call you if you have guests or food delivery- they might also have things like car valet service or poolside get togethers.

The following items are covered under building coverage as long as they are connected to a power source and/or installed in their functioning location:Sump pumpsWell water tanks and pumps, cisterns and the water in themOil tanks and the oil in them, natural gas tanks and the gas in themPumps and/or tanks used in conjunction with solar energyFurnaces, hot water heaters, air conditioners and heat pumpsElectrical junction and circuit breaker boxes and required utility connectionsFoundation elementsStairways, staircases, elevators and dumbwaitersUnpainted dry wall and ceilings, including fiberglass insulationCleanupThe following items are covered under contents coverage:Clothes washers and dryersFood freezers and the food in themFlood insurance does not cover basement improvements or items not necessary to make the home safe, sanitary and functional -- such as carpeting, finished walls, paint, floors, ceilings, furniture or personal belongings that may be kept in the basement.

It functions for underwriting as if the original borrower is renting the property out.

So a fully updated home may command top dollar but a home that is fully functional but with a dated interior would rent for less.

That’s really the primary function these groups provide.2.

Yes, you have to look long term, and yes, rents should go up over time.You can find plenty of stories of tenants not paying rent for 12-18 months straight during Covid, eviction moratoriums, and you get the joy of repairing the property, ensuring heat/water/functionality with the threat of legal action from the city/county for non compliance, despite non payment.Do what’s best for you-planning to lose money on REI, regardless of length of time, isn’t best for me, so I would recommend to keep searching, or restructure the deal in your favor.

Property will be converted from office to STR/Airbnb and should be fully-functional vacation rental/STR by summer of 2022 What made you interested in investing in this type of deal?

There's no competition and we own golden 3/2 rentals because they are in desirable locations, transportation, size and function.