- Has your strategy or marketing changed?

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What really makes this one interesting is the upside: Zoning already approved to expand up to 24 unitsCurrent cap rate at acquisition: 7.38%Post-expansion projected cap rate: 16.76%Estimated value after expansion: $6.2M–$7.1M range  This property is part of a larger strategy we’re developing around repositioning boutique motels in high-demand Florida markets.

To be able to successfully utilize ANY real estate investing strategy, one needs to be well versed in real estate principles, real estate law, and real estate finance.  

At the very least I would focus on planning out this first one out as best as possible (scope of work, design, material selection, etc.), getting that process down pat, before thinking about the 2nd project.

Best strategy once you have the savings and income: house hack - you're reducing housing expenses and learning how to landlord.financing: 3-5% down using FHA or conventional type of property: multi-family preferred unless you're comfortable renting by the room. 

While we're excited about the long-term prospects of this property, we're trying to figure out the best strategy for addressing the under-market rents.

We handle everything from dynamic pricing and high-quality turnover to guest communication and marketing, ensuring consistent 5-star stays and strong ROI for owners.Beyond property management, I also assist with acquisitions, design, rehabs, and listing strategy, both for long-term and short-term investments.

If you are investing out of state you will need to pay a STR management company who's rates are going to start at 20%, which does not include furniture design, installs, shipping, set up, etc... the labor alone on setting the STR up will bleed you dry.I don't know what a little capital means to you, money is relative after all, but to me I would suggest house hacking is a far better strategy.  

I focus on repositioning multifamily, infill development, and modular short-term rentals, with a deep interest in design, community impact, and long-term wealth creation.I recently completed a full gut renovation of a 6-unit in Camp Washington (Opportunity Zone, 1031 exchange, all-in hold strategy) and am actively sourcing off-market deals through my company, Venture Real Estate Capital.