That said, through conversations with brokers in the area (and evidenced in the comps I’ve created) I’ve learned that this strategy may be slightly outdated as most properties are currently at market rents given the current rental environment, expenses aren’t a realistic lever to rely on to add value, and there is a real risk I get priced out of the market by buyers with cash, 1031 exchanges, and with longer term hold strategies willing to pay an extra $10-20k per key.

@Jonathan Bock My tax lady calculated the 50K during my previous conversation with her.

Amenities, nightly rates and occupancy.

many HML will call themselves private money lenders to give the illusion of cheaper rates and easier terms.Private money is just that individuals with funds to invest that are Private they dont hold themselves out as in the business of lending.normally this would be friends family or other high net individuals you may already know who want to do deals with you.

Look at rental rates, vacancy rates, and typical property taxes in your target area.

WelcomeShoot me a DM if you would like to connect or have a conversation.

Look into vacancy rates, average rental prices, and demographic trends.

I'd do some research on airbnb's in the area and see what their occupancy rates are to see if your return on investment will be worth it.

VRC Platinum-rated short term rental residence offers the highest rental revenues possible.

Many anticipated a downturn or even a crash due to factors like rising interest rates and global economic pressures.