But if your plan is STR, then you need to understand the laws and that they are subject to change.

I have clients right now operating in the black and they are doing it because they are aligned with a great team for management @Alice Horn and they purchased with a clear plan to move forward. 

Or do you plan to diversify into other areas?

Will they also provide you with comprehensive tax planning? 

I have plans of refinancing the hard money loan with a traditional 30 year loan in May'24.

A side note: I do plan on investing the money into another investment property (non primary) 

With higher interest rate and negative cash flow currently i won't be able to hire property management and planning to rent it out myself.

Customers in the shoulder season appear to be much much more price sensitive and highly prefer payment plans.

@Laura Au we've never had any real success with Facebook Marketplace, just a waste of time.Depending on the Placement Plan our clients choose, we can advertise their rental on at least 20 sites.Assuming you've got good pics and a jazzy ad, then look at how much exposure the property is getting.After that it's time vs rent amount, also what the property is vs improvements to make it more appealing.

I plan to invest in the Hampton Roads area looking to purchase a 5-10 unit multifamily unit in the next 3 months !!!