I’m typically a very conservative investor in general but just looking for some different perspectives.

They sold because they were barely making a profit.Once we took over and "pulled the curtain back" on their operations, we discovered a DISASTER!

This rental property will be designed with a keen focus on generating a healthy cash flow.Project Blueprint:Budget: Allocated at $200,000, covering construction and all related expenses.Focus: To merge energy efficiency, durability, and tenant comfort with cost-effective construction strategies, making the rentals both affordable and sustainable.Location: Currently scouting – I'm open to suggestions and insights on ideal locations supporting this vision.Strategic Planning:Efficient Design & Planning: I'm considering compact, multi-functional layouts to optimize space usage and incorporate cost-saving construction methods without compromising quality.Sustainability & Efficiency: The plan includes investing in top-notch insulation, air sealing, energy-efficient systems, and sustainable materials to reduce the building's carbon footprint and operational costs.Budget Management & Cost-Saving Initiatives: Careful budgeting and exploring value engineering options are crucial, alongside seeking out grants or incentives for energy-efficient building projects.Community & Sustainability Goals: To create shared amenities to foster a community feel and implement systems encouraging tenants to monitor and reduce their energy consumption.Seeking Community Insights on:Cost-Effective Building Strategies: How can I ensure the project remains within budget while achieving high sustainability and efficiency standards?

Typically they start at $25.00 per listing per month with a $500.00 setup fee.

Is there a 'typical' range for capex?  

Hi,I'm operating a STR turned MTR 1 bedroom basement unit.

Wondering if that is typical or what has anyones experience been or any suggestions.  

1) If the property is nice, has the right amenities, photographs well, and is operated properly, you should do fine in Landers and Johnson Valley.2) I do think people looking to stay closer to the park are going to look at Johnson Valley further down the list but if it comes to it, they will book in Johnson Valley too and there are plenty of people who want to be as far away from other people as possible.

There's nothing wrong a slab foundation in fact they are more energy efficient typically. 

We operate an 80M portfolio of just coliving properties and that is our main source of clients year-round, mainly are just moving to the area for a new job, internship, or grad school and the room rental is their preferred stay.