We have a few others, and this is a good free way to market.

Here are the projections for 2024 to give an idea of expected returns:2024 IncomeLong-term Income$8,400Gross STR Income$45,500 (based on AirDNA projections)Additional STR Income$5,915 (mostly cleaning fees)Total Projected Income$59,8152024 ExpensesSTR Expenses$16,453 (32% ratio)Mortgage$34,476Insurance$707CapEx$3,600Taxes$2,729Total Expenses$57,965Projected Cash Flow$1,850CoC Return2.79%2024 Additional ReturnsPrincipal Paydown$2,930Equity Appreciation$16,200Mortgage Interest Deduction$7,571Total$26,701Total Projected Returns$28,551Projected Return on Investment43.1%Projected Return on Equity21.4%The CoC numbers are not impressive, and the property only cash flows as an STR, which carries some risk.

Since then I’ve had 4 other units turn over which has allowed for total renovations and higher rents.

By the time I got out of it I lost quite a bit but I was happy to free myself of the aggravation of doing business with these people. 

I am also an investor and active duty military member myself, so feel free to throw any questions you have my way.

Think of all the time you will free up with on time paying tenants.

(See graphic below confirming this rule for all conventional loan lenders) Are you asking about creating 3 STRS total, not sure I understand your question.

Anyone can feel free to email me for recommendations.

And it’s a free service!

Feel free to reach out if I can be of any assistance.