Relocated to Winter Garden, FL (Orlando area) with family; scaling portfolio here.I have some experience with LTR but have been brushing up on STRs given Orlando's tourism appeal.

I have a few ideas for potential partners, but right now I'm mainly brushing up on all of the potential strategies and thinking about my next move.

Mortgage bonds are rallying in tandem, with UMBS 6s up 8 ticks, trading in the mid-102s, and 5.5s gaining traction as the new current coupon.Fed Funds futures now reflect a near-certainty of a rate cut at the November or December FOMC meetings, with some strategists even floating the possibility of a half-point cut if labor softness deepens.

And don’t underestimate the “soft” side — tenant placement, turnover, and maintenance — since those will make or break your cash flow.The fact that you’re asking these questions now puts you way ahead of the curve.

Teams running too many projects simultaneously are taking longer to execute, which turns into soft costs and carry drag.

Executive summarysponsors overview (SREO, PFS, .. showing strong experience and liquidity)capital stack if raising money from LPs or silent partners, (summaries. who are they, are they experienced LPs, is the capital raised.. common questions)Pro Forma and all financials including soft costs, hard costs, horizontal budget, vertical, permitting/zoning requirementsbuilders and contractors resumes / verificaition of the ability to complete the projectmarket CMA showing the need and demand for the build also known as an offering memordanum (just not include the ask)that should be enoguh to get you some LOIs and looks.this is a very high level response and i do this every day so i am happy to talk more in detail, its a lot - just text or call me. cell below - good luck! 

I haven’t brought any of this up to the contractor due to his hostile and insulting behavior after I mentioned that my tenants reported mailbox damage on day 1 (the wood chipper was parked right next to the mailbox, with limbs/branches brushing on the mailbox when feeding the chipper).

Areas like Oak Hill/Fayetteville tend to have great STR performance during peak outdoor months, but winter softness is real.

In  addition, any costs incurred before the property was placed into service (hard and soft costs) should be capitalized and the cost recovered over time. as for holding a bank account, separately for capex, it may be overkill.

I also underwrite way more conservatively now and plan for longer ramp-up periods or soft seasons.I haven’t moved into management or exited the space.