If you’re curious about the model/assumptions or want a copy of the spreadsheet for educational use, please send me a direct message and I’ll share a read-only version after a quick intro.This is intended as a learning post for investors evaluating STR vs long-term multifamily economics.

While this deal sold below the total investment, it became a valuable experience in understanding market shifts, renovation planning, and cost management.What made you interested in investing in this type of deal?

The properties are selling at way over what they would be with a conventional offering; and most wouldn’t even qualify to be sold under conventional means.  

The development is over 50 units all being sold to investors as rentals.

The property was purchased for $140,000, improved with $62,142 in upgrades, and sold for $250,000.

Purchased for $80,000 and improved with $55,000 in strategic renovations, the property was later sold for an impressive $374,900.

@Marc ShinIf you’re buying tenant occupied, make sure you get a copy of the lease, rent history, security deposit info, and a move in condition ifno as part of your due diligence. 

Purchased for just $5,000 and sold the very same day for $15,000, this deal required no rehab or holding time.

I cannot speak to how the brokerage allocates dues internally and am only relaying what was communicated to me directly by those associations.Agents considering this brokerage:Request written confirmation and copies of all submitted invoices immediately after submission, rather than relying solely on the internal system.

Quote from @Arron Paulino: I have finally sold off my rental portfolio, and it has been a learning experience.