Basically, they are a turnkey STR company. 

-if you purchase, rehab and refinance a property - basically a BRRRR - it's not going to cash flow in the short term. at all.  

A few things to think about:• Two years is enough time to benefit from house hacking.If the rent from the other unit can meaningfully offset your housing costs, you’re basically reducing what you’d be paying in rent anyway — and building equity while you live there.• Bellingham’s prices are higher, but demand is steady.Vacancy is typically low, and smaller multifamily properties tend to hold value well.

Looking at possibly exiting if interest rates go down since prices will most likely go up and the profits have basically been cut in half over the last 2 to 3 years and that's with self managing...I'd lose $$ every month if it was managed.

I am looking to do this concept in certain parts of Baltimore. 

However, you need to understand basic fundamentals. higher returns means higher risk, effort and/or barrier to entry.

I'd likely get rid of Pricelabs also & see about just using AirBNB "smart pricing" & some basic research with comps.

Some DIY providers like room42.io offer "audit insurance" - basically they'll send an engineer if you do get audited.For renovation work specifically, make sure whoever you use has detailed records of what was replaced.

If you know how to identify motivation and structure around it, opportunities open up that you don't even know are there.Why This One Stood OutThe property, now branded as "The Silo in the City", is projected to be one of the top performing STRs in Austin.Some highlights:Brand new construction in a prime downtown locationSix bedrooms (permitted), which is extremely rare this close to the city corePool, pickleball court, and wellness focused amenitiesProjected $350K+ in annual revenue based on actual comparable performanceSTRONG cash flow paired with long term appreciationSignificant tax advantages for the buyer (Wiping out their tax bill)Robuilt even called it the best Airbnb deal in all of Austin, which felt validating after seeing it from concept to execution.The Right Buyer MattersDeals like this only work if they go to the right operator.Our clients and their team came in with a clear vision and the motivation to push design and amenities to the top of the market.

I've basically been told that.