Maintenance/platform fees/cap ex/rental insurance - $2,000Income - $10,800Expenses - $12,532Is this somewhat accurate?

Some highlights: I have 3 homes up on Platform and manage another 2 homes.

@Madelyn Felix we're using Igloohome lockboxes and have developed our own platform to automatically generate and remove codes.

@Jonathan GreeneThe short answer is it will depend on a few things like the tools and listing platforms that you're usingMy current workflow involves many tools (including Monday.com, Baselane, and Furnished plus other listing platforms).

It also has become a popular travel destination over the last 5 years or so, so there has been an increase in competition in the STR space as well. 

Here are a few alternative rental strategies:Medium-Term Rentals: Platforms like Furnished Finder connect you with traveling professionals, such as nurses and corporate employees, looking for 30-90 day stays.

My goals would be to increase monthly cash flow and have more access to the property's equity for things like Cap Ex, etc....Here's a blurb from a lender's website:"By combining banking functionality with home financing into one dynamic instrument, borrowers are able to save tens of thousands of dollars and years off their loan""Designed after popular programs around the world, the All In One First Lien HELOC is the nation’s first transactional offset type-mortgage program.Home financing and banking combined:Deposits lower your loan’s principalFunds remain available for expensesInterest is calculated on the average daily balanceThis lowers the monthly interest paymentsTens of thousands of dollars can be saved over the life of the loanMortgage freedom can be achieved in half the time or less

While you may need to sift through less serious inquiries, I’ve successfully secured some strong deals and valuable connections through these platforms.

I came across crowdfunding as a opinion and seen that GoFundMe is one of the biggest crowdfunding platforms. is this a good way  to raise the starting capital for my first rental property , if not what did you guys do for starting capital ?

Hi @Gisele Sood, there is a mix of free and paid services that can help you retrieve the data that you seek.To gather data on tenant demographics and property demand, consider these resources:Census Bureau & City Data: Offers insights into local demographics, income levels, and household types.Zillow, Redfin, and Realtor.com Market Insights: Check these platforms for property demand trends, popular property types, and renter data by area.AirDNA & STR Insights: If considering short-term rentals, these provide data on occupancy rates, guest demographics, and property preferences.CoStar & REIS: Paid services that provide detailed market analytics on rental demand, property types, and demographic preferences.These sources can help you understand tenant needs and property demand in your area.