You can get the STR data from something like AirDNA and then check out what your competitors offer on sites like Airbnb/VRBO.Negotiations will also depend on their cash flow and how much of the business you buy.

I’m sure some of you have faced similar challenges.Aside from raising rent (which can be tricky depending on the market), what other strategies have you implemented to get back to positive cash flow?

Hey BP investors! 👋
I've been researching Bay City, Michigan, and I'm excited to share some potentially lucrative opportunities I've discovered. This often-overlooked city might just be a goldmine for cash flow-focus...

Real Estate investing and management of all my properties is all I do.

For those following along at home, that language is found in Title 10, Chapter 1, Article E, section 6 (or 10-1E-6) in the municipal code.It reads: "The renting or leasing of real property for residential occupation for periods of time less than thirty (30) days is prohibited in any zoning district within the town, except as permitted in this title for hotels, motels and bed and breakfast inns."

It will all depend on what kind of pace of life you're looking for.

We identified the problem areas, built a great team, and developed a system to win the Detroit real estate game—and we never looked back.

Days on market are around 70 days on average, depending on the area.

@Marc ShinRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

How can I make my real estate investing game as efficient as Bumble?