Over the last 12–18 months, I’ve noticed a pretty significant shift in where the best deals are actually coming from.What I’m seeing on the “buy” side:Turnkey STRs are still trading at strong multiples if they’re well-designed (A-frames, chalets, cabins with amenities)A lot of listings look like deals but fall apart once you factor in:Occupancy limits (Septic-sized occupancy limitations are a big issue here) Deferred maintenance of older homes ( Many homes here were built in the 1960s-1980s)HOA Fees for where these properties exist. 

., so that you have multiple eyes on a property to make sure that it is a good deal.Happy to have a conversation with you and discuss some of your other questions in detail. 

Ready  books, listen to podcasts, spend time engaging on forums!

You can get homes with strong cash flow, lower entry prices, and good short-term rental potential, meaning your capital can go further and allow you to build multiple rental streams.

After a few months you figure out that your team has not really engaged your property on a regular basis.

Once the tenant moved out, restoring the property to livable condition cost him over $15,000.A client who had purchased multiple properties from us and made good money attended a real estate convention where he learned that the secret to great wealth was multifamily properties with section 8 tenants.

It's been through multiple listing cycles since, with repeated price drops and a pending sale that fell apart.

On paper, new construction seems “easy” to self-manage:• Lower maintenance (initially)• Builder warranties in place• Fewer system failures• Higher tenant demandBut I’ve seen some tradeoffs too:• Warranty coordination can still be time-consuming• Lease structuring matters more in A/B class neighborhoods• Tenant screening expectations are higher• Rent pricing has to be dialed in, new builds often sit if overpriced• Investors scaling to multiple properties hit bandwidth issues quicklyIn Birmingham, Huntsville, and Atlanta, we’re seeing strong demand for newer inventory, but also more competition in certain submarkets.For those who’ve owned new builds for 1–3 years:Did you start self-managing and switch later?

This always applies but can be particularly helpful in multiple offer or competitive scenarios.

If you are listed on multiple platforms and need a more robust solution, consider PMPs like Guesty, Hostfully (which I use), Hostaway, etc., to manage your guest messaging and get the bookkeeping capabilities.