My total projected ROI was decent, but not what I demand from RE investing but I still considered buying it due to the challenges of obtaining cash flow positive STRs, because I had a killer co-host in the area, and we would use it on occasion and as a get away if the $hit ever hit the fan.Sold for $485k (I offered $475k), projected revenue $120k.  

For our smaller projects we were simply keeping it in our heads, screenshots or email threads, but there has to be a system people use that works well.

At Fairly, tech is used to facilitate collaboration and to give owners transparency and control: real-time performance data, clear revenue attribution, and visibility into pricing and decisions.The economic incentives are also aligned differently.

This is not a do-it-yourself project.  

Are we dead in the water, or do we have any recourse to make this project happen?

Rent growth, appreciation, and future sale price projections all matter.

Off-season can drag.MTR typically lands between LTR and STR in effective monthly income with higher occupancy and fewer turnovers.LTR is the most stable but often lowest monthly revenue for a 4-bed home unless the market is tight.You’ll want to run the numbers — do a pro forma comparing:STR projected revenue (using local comps + occupancy estimates)MTR projected revenue (30–90 day bookings)LTR rent comps in the neighborhoodWebsites like AirDNA, Mashvisor, and even local Zillow comps can help with that.4.

Alex, this can work but only if it is treated like a real business, not a friendship project.

I’m now looking to get started on my first fix & flip project. 

I deal a bit more on the single family and small multi-family area so don't usually see too many folks bond their contractor, but depending on the scope of your project, it may be an option.