The cost is very high interest and origination fees.

This is still a very tricky area for lenders as there are not many "industry-standard" tried and true rules - many DSCR Lenders and buyers of these loans are still wary of the SRO model - that being said, it is a lot easier and more flexible to underwrite on an acquisition if you are buying and the property could be utilized as a LTR / MTR or STR as that allows for a more tailored projection (as long as the property doesn't have unique or altered characteristics that would require it to be a SRO / MTR)

Airbnb can provide great cash flow, especially in high-demand areas, but it requires more hands-on management.

Look at Houston communities that have high rental demand, reputable schools, low crime rates, and enticing amenities.

In my area the amount of inventory has had a high impact on off season bookings, with a tremendous amount of price pressure chasing bookings.

It is hard to tell from the picture, but if the cost will be too high to repair it I like the idea of having a sunken garden.

This comes largely because of high demand, limited supply, and favorable property purchase prices in Kentucky.

Understanding the bifurcation of the returns on a model (money made during hold vs exit) and the sensitivity analysis of what action can cause the greatest impact to the bottom line are critical.

The main downside to syndications is the high minimum investment ($50K+) and learning how to vet syndicators.

@Waleep AlviI remodel bathrooms to be very high end in my rentals, yet I do not use a glass door and I don’t even provide the curtain rod.