Yes, they are projections as they are new, but the amount of due diligence and research that goes into those is so we can produce positive results for our clients.  

STR's are the most management intensive way to produce cash flow on a property and Tokyo is 9 hours ahead. 

They take care of all the web stuff and I direct inquires and previous guest to my link.

@John MichaelsThese are markets that have higher cap rates, lower pricing, and produce more cash flow.

And then an actual message comes through. 2 weeks after check out they wanted to let us know about some spider webs, a microwave built-in that was too high (based on preference), a power strip with loose wire connection and several other items that they never let us know about during their stay.

If by the time of retirement I have 10-15 income producing properties on top of my 401K I would be very happy.

Let’s also look at income, not just total wealth, since many folks, especially hourly workers, in the bottom 50 unfortunately, really can’t/don’t save much money or own income producing assets.

So construction only lasts for 5 years, after that its just a refi every year which will produce an essentially tax free income of 100-120k per year.

Don't listen to people who have never owned income producing RE.

You’re basically selling something that will have almost zero resale value so it’s going to need to produce one hell of a return.