One vanity style.

You can’t assume the new build down the block is your comp if it’s a different style or sits in a more uniform pocket.

The numbers offered a clean spread, making it an ideal wholesale-style deal.

Great points, Jeff — and you’re right to highlight that the expense ratios are unusually efficient for a coastal STR.A couple of clarifications on the numbers:The current owner self-manages, which keeps cleaning and maintenance costs lower than a third-party STR manager would typically charge.Some of the repairs and CapEx were front-loaded in prior years (new flooring, appliances, and paint), so last year’s P&L reflects more of a stabilized-operations scenario.The utilities figure is accurate — it’s higher due to being master-metered for the property — but the other OPEX categories are slightly understated if you were to underwrite this as a fully managed, third-party operation.If I modeled it using a professional management assumption plus normalized reserves, the operating ratio trends closer to 48–50%, which aligns with what you mentioned for coastal STR multifamily.I appreciate you calling that out — it’s a great reminder of how much variance there can be between owner-operated and institutional-style expense reporting, especially in hybrid STR assets like this.Here's the owner's profit and loss statement for the exacts of the 2024 year.

My recommendation: focus on house hacking plus a simple BRRR-style value add on renewal or turnover, keep expenses tight, and start raising private money by sharing your story and numbers.

Class C style tenant  What credit score are you expecting a target tenant to have?

Rather than spending the extra money on fully replacing them we came across doing a refinishing kit for example epoxy style coatings. 

I just finished a CCIM-style breakdown of a 10-unit multifamily near Myrtle Beach that recently traded.

I just finished a CCIM-style breakdown of a 10-unit multifamily near Myrtle Beach that recently traded.

STR and event-style buyers tend to respond well to deals with character, views, or flexible zoning.