STR looks like an attractive option but I am a novice in this area so looking for input on realistic income and cost estimates of a STR managed by a 3rd party property management company. 

I'm Wossen from Los Angeles, passionate about real estate investing for the past few months.

@Shawn Kostoff, @Jimmy O'Connor, @Justin Seng, @Rich O'Neill, @Eric Armstrong, I'm sorry for reaching out on such an old thread, but I just purchased 2 rentals in the last 12 months in Delco and looking to scale my business.

Then how is cash flow looked at - monthly / annuallyFor example your cash flow in July is -1000 but in August is 800, you are in the red but do they get a percent of August to put you further in the red?

Scenario:I have about 8 months left and am looking to finance a duplex using my VA home loan, with the intent of house hacking it..

We opened our calendars this month for the first backers. 

@David F.As Russell mentioned co-ops are probably 1/2 the price of a condo and you would also have extensive costs to set up a co-op and typically it’s my understanding the builder funds the first 1-2 years of reserves.

Double digit loans of $250-500k can be both cost and qualifying prohibitive.

When you gut a space, costs spiral exponentially because you need to bring everything up to current code!

This is a great strategy and if my spouse wasn’t averse to moving I would be moving into a different house hack property every 13-14 months.