It's great to hear that Jeff Chisum and his team at Northpointe Bank were helpful in securing this for you.Adding Value: Your strategic patience and communication with the selling party to secure a deal at the right price is an excellent lesson in the importance of relationship-building and negotiation in real estate.Short-Term Rental Success: Achieving high ratings from guests is critical in the STR business.

You typically do not want the seller fixing as when they are selling they tend to (dope stuff up for cheap) and can't be found after closing.

I usually look through several places but one of the most consistent tools I've used to do a quick check on potential rental rates is Rentometer.

To be honest as an investor who owns dozens of units in several different markets I would tell you it's challenging to find great cashflow anywhere right now because we have both high prices and high rates.

It's not a cheap property management software though, but it is very good.

With four operational STRs running out of it, the estimated cap rate will be 15-17%.

And I just mark up the interest rate. 

Pay off debt, build your credit, and increase your savings rate. 2.

When analyzing rental rates, vacancy rates, property taxes, and other financial metrics, it's important to consider various factors.

Biggest downside is rate will be higher at 80% vs 75%.