I'm cool with spending $300/mo to own this kind of asset, I just have to wrap my mind around my net worth increasing as my checking account decreases.

I notice NJ is great for flips on the higher price counties but after my last flip, I'm taking a vacation from flips for now.

This is a great post.I was also looking at Packwood WA for STR investments and noticed that the occupancy rate has been low.

I’m noticing a pattern in Austin where new STR competition shows up in waves, and by the time it’s obvious on Airbnb, the underwriting window is already gone.  

I'd read your contract with them and give them notice. 

One thing I’ve noticed in working with investors is that a well-prepared deal package can make or break an approval.

A real estate professional is a distinct designation from the IRS and there are certain rules/thresholds to do before you can call yourself a real estate professional for IRS purposes.You may want to factor in all of the above to see what the cost of cost seg will be and what your decreased tax liability will be for 2017 and what your refund will be from carrying back the NOL to 2016/2015.

Lower basis + flexible terms often matters more than rate shopping.What I’ve noticed: the deals closing aren’t necessarily “home runs” — they’re the ones with clear exits, conservative assumptions, and capital that matches the business plan.Curious what others are seeing:What structures are actually working for you?

When pitching corporate housing or MTR arbitrage, I’ve noticed landlords care most about:-Rent paid on time-Property protection-Low turnover-Professional tenantsThey care far less about how you make money.How do you explain the MTR model to landlords without scaring them off?

Also, regarding my comment about treating these a commerical properties - what I'm noticing is that when houses are on the market, they are priced at these higher price points based on heightened rental income (using the 1% rule) because it is student housing, as landlords charge per room.