Projects get approved and scrapped all the time.

It's a clean project with a big payout at the end, no ongoing landlord headaches.Finding the right deal is the main game.

In some areas, the ROI ends up being more stable than pure nightly STR.At a $250k purchase price, I’d pay close attention to:• Local STR regulations and enforcement trends• True occupancy patterns (not just projected revenue)• Seasonality dips• Insurance + turnover costs in that zip code• Your exit strategy if you ever pivot to long-termOut-of-state can look stronger on paper, but it adds layers operationally unless you already have reliable boots on the ground.If your goal is scaling, I’d focus more on operational predictability and repeatable systems over chasing the highest projected ROI.Happy to share a little more of what I’m seeing in ATL from the operations side if it helps.

If you are staying overnight only to work on the flip, such as meeting contractors, doing repairs, or checking on the project, the hotel expense is usually considered a business expense and can be written off.

I don't BRRRR (hold) any of our projects in TX so I don't have personal experience with property managers. 

We knew finishing construction would allow the borrower to have significant equity in the property so we worked with the borrower to get the project completed and fund the completion of the project.

Use the OM to determine the opportunities while also confirming an accurate cap rate has been used to align to the property's current market value (and/or listed price).Between operating costs and the cap rate is where you'll find the potential opportunities and if it's accurately valued, respectively.Never buy based upon projections versus actuals.

You will likely be in a stronger position both financially and mentally before jumping into another project.

Hello BP Community and specifically those in North Carolina, I’m a real estate investor with experience in quick flips, ground-up builds, and value-add square-footage projects.

For those, all I do is delete a "projected" value from a row and maybe update the date if it didn't occur when I expected it.