There certainly are more economical and as efficient firms and CPA's out there.

One of the people I admired growing up was a developer and builder and having once been over extended and BK, started over with new construction and cheap rentals he fixed up as a back-up to changing economic conditions.

So when people think there is limited supply, there also is limited demand macro economically because most cannot afford a home.

Considering the current economic climate, where layoffs are happening every other day, and interest rates are going off the roof, is it a good time to invest in STR or wait for some time?

@Brian Burke Both of these properties have management issues, starting out 18 months ago occupancy was in mid 80's at takeover, but the economic vacancy was high a lot of delinquency, courts backed up and they couldn't evict fast enough, meanwhile they did most of the Capex but weren't able to fill all the upgraded units quickly, they changed management companies and things were getting better but not fast enough, and yes it has bridge debt with no rate cap, and the amount of the capital is to be able and hold on till they hit 90% occupancy and will be able to refinance.Lessons I'm learning, Due diligence is walking every unit, looking at every lease and checking if money from leases are actually going into the bank.

Affordability: Oklahoma offers affordable real estate options, making it easier to acquire properties in the desired price range.2.Rental Demand: OKC has a steady demand for rental properties, particularly in the affordable housing segment, which can ensure a consistent income stream.3.Economic Growth: The state's economy, including sectors like energy, aerospace, and healthcare, contributes to a stable job market, attracting renters and supporting property values.4.Investor-Friendly Environment:Oklahoma's landlord-friendly laws and reasonable property taxes make it favorable for real estate investors.5.

So, looking at the flips I take on, with anticipated profits in the $70k+ range, the setup costs alone are eating nearly 20% of your potential profits, and that is before any real splits with your investors, leaving both your investors and you with not a lot of money left to spread around.A fund could work, but typically, for the economics of a syndication/fund structure to work, you are looking at several million of equity, leveraged up to high single millions, if not into $10+ million range for their to be enough money to make it worth everyone's efforts.

Adding a 500k house to the property would put it into the 2m price class (was my retirement plan) at that point I’d sell it with around a 1.5-1.8 gain on my actual cash invested and the only people who would be able to afford it would be the Wall Street bankers that wouldn’t put their kids in the school and wouldn’t stimulate the local economy.

Rust Belt (like you are looking it) is OK but pretty economically depressed.

A well-diversified portfolio is more resilient to economic downturns and sector-specific challenges.Key Takeaways:Expand investment portfolios to include a mix of property types and locations.Consider emerging markets and sectors with growth potential.ConclusionFuture-proofing commercial real estate investments require a proactive approach that embraces technological advancements, sustainability, flexibility, strong tenant relationships, and portfolio diversification.