However, an initial glance suggests that a Pennsylvania CPA may have processes in place to address quirky Pennsylvania calculations and the federal tax prep experience to more easily research unfamiliar Georgia issues.

What are the basis of your cash flow calculations?

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

View report*This link comes directly from our calculators, based on information input by the member who posted.

Alot of details go into pricing out income and expenses so using the BiggerPockets Airbnb Calculator could help see what expected expenses you can expect. 

I’d appreciate some feedback on my current approach and advice if any.Here’s what I’ve done so far:Pre-Approval: I’ve secured a pre-approval amount and interest rate from an online mortgage lender.Property Analysis: I’m using the mortgage and STR calculators from BiggerPockets to assess the financials for potential properties.Neighborhood Research: I’ve been exploring different neighborhoods using Niche to get insights into schools, safety, and livability.AirDNA: I’m considering subscribing to AirDNA for data on occupancy rates and rental income estimates.Questions:Is AirDNA worth the investment for STR data?

Can you evaluate whether something is a good investment - use the BP calculators, build your own spreadsheet, identify what seems like a good deal to you (everyone has different criteria).

I am just struggling to figure out how I would afford the monthly interest expenses as construction on this type of project would take a ton of time and money.The building will be luxury student apartments which on my rough calculations can have realistically 60-65 apartments or 180-195 beds.

BiggerPockets has a new STR calculator that can help you pencil out data from these types of sites as well. https://www.biggerpockets.com/airbnb-calculatorLast thing, we have a weekly newsletter here called BiggerStays that covers all things STR-related! 

Before I knew this, I made a calculated decision that the legal documents that Pace Morby provides and constantly updates for his community was worth the entire price of admission – everything else would be gravy.