However, maintenance costs seemed to be never ending. 

The cost of a marine grade grill is hard to justify for a STR.

If you can avoid doing an Ellis Act that'd be ideal, b/c it's still going to "cost you" in other ways.

House hacking helps you grow wealth and cut down on your home loan costs by letting others live in your place.

There's the down payment, the closing costs AND the delta between what's left on the loan and their offered price.AND don't forget the time involved to assume the loan.

Go with Hostaway, great cost-benefit, and it's integrated with Turno as well!

Also, this new investor could have been exceptionally exaggeration of the ARV without mentioning the rehab costs and the disposition cost after completion.

@Karim Wahba, to add a little color to Chris's comment: the typical syndication costs between 10 and 15k to setup.  

In Charlotte, NC and in Charleston, SC, we have such an extreme lack of inventory, especially at the lower end of affordability- seller's aren't giving up their 2.99% interest rate to downsize and pay more for a home with a higher rate, so they are staying on the sidelines. and Builders cannot ramp up fast enough, and are being very cautious due to interest rates, coupled with inflation, where their goods and services also cost more to build homes- and, after 2008-2010, where many got burned, and badly, they are super cautious.

I just got my GC license and want to buy a property to remodel it myself to cut construction costs.