I would say spend less time worried about macro conditions and more about target areas.Oh, and what is happening to everything else if real estate declines 50%?

MattYou’re talking about setting up a hybrid situation where you’re marketing for properties yourself but utilizing existing personnel expertise.  

What are things we should keep in mind locating and setting up a STR in Philly.  

- Set temperature schedules based on occupancy.Savings Insight: - Smart thermostats can learn your habits and adjust settings for optimal efficiency

Are you at looking house-hackWhat areas are you targeting? 

These type of assets are not appropriate for this type of set up the ONLY investors that make these work are locals who do this for a living working collecting rent in the poorest neighborhoods of the US.

The prepay covers the cost a lender has in setting up a loan (anywhere from $9000- 13000 in processing/vendors/salaries/overhead...).

But I am starting to try more of STR by the room and setting up pop up hostels in a way.

They will help you with numbers, and set up, and get you ready to go in exchange for a percentage of revenues.

look at other str's on air bnb in your market and try to make yours a little better. get a hot tub on site and you would be set for some great cash flow!