Brian Burke: We've kept the waterfall structure the same.You can see here.We used in this case, We used in this case, we used an 8% preferred return, and then we had three waterfall hurdle tears.The investors got 70% to 12 60% to 15.And then after 15, they got 50 50.And we've essentially I've been using this waterfall almost since I started way back in the beginning.Every once in a while, we might alter something here or there because we feel the need to.But too many times I've done that and been completely wrong.We had a deal that we did about three years ago where when we underwrote the deal, I felt that we needed to juice thereturn a little bit more.And so we switched the waterfall to an 80 70 60 instead of 70 60 50.And at the end of the day, when we sold that property, we delivered to our investors like a 32% IRR.And now I'm kicking myself like we really didn't need to do that.We could have left it.Just as this waterfall is here, our investors would have got a 28 IRR or whatever and been thrilled to death.So I tend to leave the waterfall alone most of the time.

I am planning to do a house-hack while I finish college but I am held back currently by lack of consistent income due to my student status, which heavily limits financing options, as well as a general limited amount of available cash.I came across the idea of rental arbitrage.

When it comes to STR, a strategy to help with bookings and consistency is looking at assets around hospitals.

Financials show consistent growth in revenue over the years. 

Here are some articles about Zigbee and Z-Wave technology:https://www.cnet.com/home/smart-home/smart-home-hubs-zwave-and-zigbee-home-automation-wifi-eero/https://www.safewise.com/blog/zigbee-vs-zwave-review/We thought this was a great article about AirBNB home automation technology and costs with a real world example: https://www.motoretreat.com/automation/And here are the technology providers:Seamhttps://getseam.com/Everydoorhttps://www.everydoor.io/KeyCafehttps://www.keycafe.com/Remote Lockhttps://www.remotelock.com/smart-locksSchlagehttps://www.schlage.com/en/home/smart-locks.htmlYalehttps://us.yalehome.com/en/yalehome-products/nest-x-yale-lock1/https://us.yalehome.com/en/yalehome-products/yale-assure-lock-and-levers1/yale-access/https://us.yalehome.com/en/yalehome-products/yale-pro-sl-yrd156yrd136/Kwiksethttps://www.kwikset.com/haloeRentalLockhttps://erentallock.com/SmartThingshttps://www.smartthings.com/SmartThings/automaterhttps://community.smartthings.com/t/release-rental-lock-automater-airbnb-vrbo-homeaway-tripadvisor-booking-expedia/124785Hubitathttps://hubitat.com/Winkhttps://www.wink.com/products/Noise / Smoking DetectionKeycribhttps://keycrib.com/Property monitoring to manage noise, smoking, keyless entry and guest behavior with real-time alerts, bonds, and contracts.Accounting IntegrationGuestRevenuehttps://guestrevenue.com/Reconciles multiple listing services with Xero and Quickbooks.Maintenance / RepairPlentifichttps://www.plentific.com/en-us/Plentific works with landlords to transform how they deliver repairs and maintenance services.

I've spoken with 4 property owners and the deals did not work out financially for me, 2022 I plan on being more consistent with my direct mail marketing campaign (Letters, cold calling and emails).

FAR more valuable than money  time@Jerryll Noorden Cold calling is a sport of consistency that WILL and ALWAYS leads to motivated sellers.

This is my first forum post and it delivered.

They are a professional company that delivered everything they promised.

I own a multi-family unit near Mid-Town  and had some challenges early on with tenants but in the last 2 years I have adjusted my process with each room being rented on average 8 months per person; along with only marginal changes for utilities and fixed internet and cable cost no matter how much they use those services.With rents rising at the pace they are now and consistent low inventory this will be more of an option for qualified renters in the future.