But if your plan is STR, then you need to understand the laws and that they are subject to change.

Then, plan the work and work the plan. 

I have clients right now operating in the black and they are doing it because they are aligned with a great team for management @Alice Horn and they purchased with a clear plan to move forward. 

Or do you plan to diversify into other areas?

I have plans of refinancing the hard money loan with a traditional 30 year loan in May'24.

A side note: I do plan on investing the money into another investment property (non primary) 

@Laura Au we've never had any real success with Facebook Marketplace, just a waste of time.Depending on the Placement Plan our clients choose, we can advertise their rental on at least 20 sites.Assuming you've got good pics and a jazzy ad, then look at how much exposure the property is getting.After that it's time vs rent amount, also what the property is vs improvements to make it more appealing.

With higher interest rate and negative cash flow currently i won't be able to hire property management and planning to rent it out myself.

I plan to invest in the Hampton Roads area looking to purchase a 5-10 unit multifamily unit in the next 3 months !!!

AirDNA can provide some insights on data in the market you're planning to work in.