AFRs change monthly and can be found here:https://apps.irs.gov/app/picklist/list/federalRates.htmlYou need Table 1 from the monthly Revenue Ruling.Currently, the rates are around 1% or below, depending on the term and size of the loan.

BiggerPockets has become a bigger business and therefore needs more revenue to sustain the higher expenses and profit, and it gets revenue from ad space, not from meetups.

Assuming  this revenue ruling still stands, it mirrors the SC situation nicely, meaning it would support your acquisition date of the real property not starting until you have taken possession.I think this would be highly dependent on the terms of the local jurisdiction as well, so what might be correct in one jurisdiction, could be completely wrong in another depending on the rights acquired related to the property.But happy to be pointed where I am wrong!

That’s the best way to ensure a profit imo with STRs since the going rate for a management company is 20% of your gross revenue.

But the issue with that is, the STR owners bring in so much revenue to the community.

It still would not alleviate the other issues with an ADU addition such as revenue out long (often many months) before any incoming revenue, the worse financing associated with the ADU, that it likely makes your primary a rent controlled unit, that it detracts from the primary even if it is just yard, that adding an ADU addition is work (likely more work than a BRRRR with much lower returns), etcCan you post the valuation you receive when you receive the appraisal?

So far this season, most STR occupancies and revenue on the coast are up compared to last season 2023. 

Make everything more expensive, raise the $ basis, tax revenues increase. 

Focus on building a business model that outlines your value proposition, target market, revenue, cost structure, and key activities/timeline.

It appears that the increased CapEx is offset by the much higher revenues and property appreciation potential ?