My wife and I were thinking of getting our next STR in the same area, but after seeing so many properties for rent and what some of them were charging it would be extremely challenging for us to find one that cash flows positive, or even break even, with today's interest rate and 25% down.When we got our first STR verifying the income projections was the hardest thing.

I already have a few GC/contractors lined up who have experience in rehab projects.

I found someone a condo in Mount Crested Butte about 6 months ago where the numbers would work to cash flow a little/break even including pricing management into our numbers. - As with most forms of real estate.

I manage 325 units currently, and there are quite a few scammers out there that use this even to secure an apartment and then never pay.

I have been in talks with a GC in Georgia and his method of building is: He builds everything at costs and doesn't include any markup or fees, he oversees everything, I only supply funding, and we split 50/50 the profits after paying back the bank and all other associated fees.Since I am only supplying the funding for the deal, is there a way I can structure doing this so that this is considered passive income for myself since I won't be involved with the construction or overseeing the project?

So I am not alone here.And I actually know alot, I have been a project manager on 3 new construction properties...I am just trying to back up the things I know to make sure im not missing things you know.

.- Are there any tools out there that could potentially project what the property could rent for?

I personally prefer year lease, for me it makes it easier to manage, Less to deal with.

I exclusively manage STR & MTR that are managed through Hostaway.

We've had great tenants, a good property management company, and few expenses over the past few years.