I hate a model that is by design, counter to the property owners best interest.

Quote from @Mike Eichler: The Opportunity You’re OverlookingWhen we’re hunting STR properties, we always talk about location, design, occupancy, ADR, all valid.

My background is in the trades and my wife is a designer, and we know our market extremely well and have a lot of connections so we have an unfair advantage over someone just getting started with no applicable skills or knowledge or connections.

For my entire adult life, I’ve focused on wealth accumulation. 

I'd much prefer having something that was designed for the way my business operates that I can continue to grow with.To qualify this further, I have 20=2 units and 68 of them are currently subsidized.   

The property was stuck — equity locked up, payments due, and no clear way out.That’s when my team stepped in.We completely restructured the deal and the design.

At $600K, the numbers only really work if you can differentiate with design, amenities, or targeting longer stays.

I designed and built first duplex around 2006 and finished the second duplex right before the housing market tanked in 08-09.  

Insurance is there to cover claims, but it’s not designed to shield you from every situation.

Plus, I'm getting my adult kids into the house hacking.