If you are factoring in ALL closing costs, it usually amounts to 4-5%. 

You’re not wrong, @Wade Wisner, purely from a cash-on-cash standpoint, STRs look a lot less attractive today once you layer in management fees, cleaning, platform fees, and local STR taxes.

Hey Matt,Bird-dogging is finding deals and passing them to investors for a referral fee if they close.

Factoring turnover into the startup cost reframes the decision.

Appreciate you adding this, Daryl — really solid game.The parts about carrying costs, permits, and cost of capital were big reminders for me, and I’m making sure I factor those in up front now.The street-view/neighborhood tip is huge too — I’m definitely going to be paying more attention to that when I’m analyzing deals.If you’re open to it, I’d love to learn more about how you size rehab or double-check ARV when you’re running numbers.

As an investor and real estate broker/owner of a private client investment firm, the interest rate is not as important as long as there is no prepayment penalty and the points and fees are low. 

Condo fees went up a bit, there were still special assessments for various things. 

Hey BP fam,We always talk about management fees as a cost, but after seeing a lot of DIY portfolios, I’ve realized that self-managing is often the most expensive way to own real estate.The "savings" usually get leaked out in a few spots:The Vacancy Gap: A pro team can usually turn and fill a unit 2–3 weeks faster than a DIYer.

If you are applying it to the rehab you want to factor in the time to rehab because that will determine some of the HM cost to you.

Of course life insurance has fees, but those fees don't keep the model from working.