Here's why:Advantages:Predictable Cash Flow: Tenants are responsible for most of the expenses, including property taxes, insurance, and maintenance.

With ever changing legislation around STRs and events like COVID where hosts lost thousands of dollars in reservations overnight, I want my properties to cash flow or at least break even as a LTR.However, if you want a place in Alaska to visit a couple times a year and don't care about the revenue as much as having the flexibility to visit and already have a place, STR can be a huge win.TLDR - Skeptical of Airdna predicted revenue.

I've done the loans for a handful of Phoenix STRs that didn't have pools and their 12 month reports still had great cash flows!

Here are some considerations and potential aspects associated with this unique funding approach:1.

You have to put all this cash out and then wait to fill the spaces they don't fill over night and so you severely negative cash flow for the lease up which can take years depending on the amount of spaces..

You’ve got $18k in cash flow.

I retained the property on two of the locations, which I leased back to the new collision business under a Triple Net Lease with approximately $4500 -5000 cash flow monthly on each location.

Maybe try and find some comparable houses that are renting and what they are renting for to give you a rough idea.There's not a lot of multifamily units available in your area, or mine, that will cash flow out of the gate given the current rates without a substantial down payment.

Even if monthly cash flow is positive, you need to set aside for repairs, maintenance, turn over, etc. 

Some pockets still cash flow where I think you can find that balance between the twoCheck out Zillow recent hottest housing market of 2024: https://www.axios.com/2024/01/10/zillow-ranking-hottest-real...Reach out if you have any questions!