Due to the nature of a fund model, the projections we shared with our investors, changes in the post-pandemic market, and the fact that a significant portion of the returns to our shareholders are realized as the facilities become stabilized and begin to churn out cash, high cash-on-cash returns during the first year of this fund – designed to acquire troubled, turn around assets – did not result.

Usually would be something like 15% off weekly and 35% monthly to attract longer stays that fill in more of your weekdays naturally.

The spot is near a couple State parks, 40 minutes from Austin, and lots of nature driven attractions around, my only worry is the popularity as I am not sure the amount of people that are flowing through the area 

You will meet mentors there that will occur naturally as you build relationships. 

I've already picked up some great tips, like focusing on operating costs, using comps for ARV, and the unicorn-like nature of good contractors.

Companies choosing new locations look for these key factors:Metro population over 1 Million: Companies require access to a large, skilled workforce and established infrastructure.Low Crime Rates: High crime deters both businesses and residents.Low Operating Costs: Companies prefer locations with lower taxes and fewer regulations to maintain competitiveness.Low Risk of Natural Disasters: Companies avoid areas prone to natural disasters that can disrupt operations.

You should have a good idea of every expense you have in your primary home, then add the STR specific:  (These are rough estimate numbers, depending on various factors)STR insurance - a special insurance that covers both the property and your liability, could be $2~4k in areas without natural disasters, could be more than $10k in some other areas.cleaning fee - approx. $50 per bedroom, so a 4-bedroom house will cost you about $150~200consumables - bathroom supplies, kitchen supplies, beverage supplies: $20~30 per week, depending on how much you providewear and tear - towels, linen, kitchen utensils, some furniture: $1000~2000 per yearRepairs/replacement for things that guests break or steal:  $1000~2000 per yearAlso, if your personal use is less than 14 days a year, the entire property's expense is deductible against STR income, but if you use more than 14 days, then you will have to calculate the proportion of how many days it's rented out vs how many days you or your family uses. 

This is natural.

If you get your license, you'll naturally want to be involved in all aspects of the deal, which ultimately prevents you from focusing on the most important parts of the deal. 

No ductwork was added to this basement which is totally below grade and naturally 15 degrees or more cooler in the summer.At a third house which was 2 story with boiler in the basement adding ductwork to the first floor was easy in the unfinished basement, and running ducts to the second floor was not all that difficult.