Today was a big step forward. Not because I landed a deal or made a ton of calls—but because I made real progress in figuring out where I’m heading, and more importantly, who I’m doing it with.

What I Learned Today
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I would personally applaud if USA wanted to experiment with adopting Nordic Socialism.

I’m looking to build a solid relationship with someone who understands the BRRRR-style model and is comfortable working with this type of tenant setup (sober living, structured housing).Appreciate any insights or recommendations, especially from those who’ve built strong lender relationships over multiple deals.

My personal preference is old style coil tops, because the renters tend to ruin smooth tops with their cheap pots, but I'd do a cheap smooth top before gas. 

I’ve personally seen a multi-family commercial flip through my co-investing club, and it highlighted how larger commercial deals can be structured collaboratively while mitigating some of the hands-on management that comes with residential rehabs.

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.

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.

Where to house hack depends on your price point & what kind of neighborhood your personally want to live in. 

Hi @Nicole Boerema I think you'd be a good fit for my Co-Investing Club, which focuses on passive investing and syndication-style deals.

The grantor is the person who puts the asset into the trust.The grantor determines the structure of the trust.