Some markets have 20-30% rent swings between summer/winter that can make or break your cash flow projections.

Do you think it would be easier in another state outside CA if I could be there while it happens and have property/ project management support? 

my model is toggle based either using actual numbers or airdna projections; if it's projections it's predominantly based on revenue rather than ADR X Occupancy Rate, thus the fee deduction should theoretically address the occupancy rate concerns 

New construction do not need to be cash flow negativeI'm a developer based in LA city which completed over 30 projects.

This is after the projected year of profit starting in 2023. 

That can impact tenant experience and long-term asset condition.From an operations standpoint, financing doesn’t just sit in the background — it influences how aggressively reserves are built, how capital projects are prioritized, and how much flexibility there is when unexpected expenses hit.

I typically would not invest in active RE for $1k/month projected.  

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.

Happy to share inventory, collaborate, or be a resource on the new construction side if helpful.Looking forward to connecting with you all!

Quote from @Lacreasha Green: I’m preparing to move forward on my first fix-and-flip-to-rent (BRRRR-style) project in a secondary market and wanted to learn from those who’ve executed similar deals.For investors who started with smaller acquisition prices and heavier rehabs, what financing structures or lender types ended up working best on your early projects?