I subscribed to Listr early March 2022Its $250 for the trainingAnd 10% of gross revenue for them to host your listing, and use their property management software,Plus an optional 2.5% of gross revenue if you want them to manage guest communicationsThe property management software lets you manage bookings, cleaning schedules, dynamic pricing, and manage your STR listings on multiple platforms (airbnb, vrbo, tripadvisor, homewaway).However, they don't let you access the property management software until you have your first listing.I haven't gotten my first listing yet so I'm not sure how good the property management software is

This would add $208/mo. revenue and another $169/mo.

So, if you buy one of these, you'd need to make sure you put no more than 50% down and then make quarterly or semi-annual payments with a solid clawback provision for the inevitable portfolio runoff.Most of the PMC sales we've heard about are priced at 12-30 months of revenue.

I want the one that owns the building and is more salt of the earth.Lead with revenue. 

By cash flow you mean profit or total revenue from str?

It may be worth us having the building ownership in a separate LLC for lawsuit protection reasons.A further consideration is that we could eventually be in a position to sell the business and having the building in a separate LLC would allow us to keep that as an independent revenue line. 

Run your numbers based off annual revenue, not monthly.Save profit from the busy season to use to pay your mortgage in the slow season.

@Maryann Weyhmiller if your goal is just to cover costs then my advice would be to ask the hotel program for a pro forma that shows all of the revenue and costs associated with the studio.

Once you've picked your city of choice, a quick shorthand you can do for high-potential properties is look for a gross yield (revenue/purchase price) > 15%.

Yes you should keep track of all your expenses and revenues for the property.