How did pricing/discounts compare with what you expected going in?

There was substantial mold, but what I did not expect was for him to remove all the walls down to the studs which included both bedrooms, living room, kitchen, as well as the ceiling and all the flooring in the living room.

If rents grow slower than expected, if rehab runs 10% over, if rates don’t drop… does the deal still make sense? 

That way, if the STR side doesn’t perform the way you expect or if you ever need to pivot to a long‑term rental, you’re still protected and your investment deal still works.If you can verify all your numbers and cross‑check what you’re hearing from people on the ground in your market, it should give you the confidence to move forward without overthinking it.As for using Facebook/Google Ads for wholesaling.

Buy conservatively, costs always run higher than expected. 

Expect to pay 10% for Class C, less for better classes.Tenant Placement Fees range from 50%-100% of one month of rent.Why would anyone do maintenance coordination for free?

Transaction costs are higher than people expect, and short-term rental rules vary a lot by city.

Only the building does.That matters because in high land-value areas (think: beach towns, prime neighborhoods, “walkable” tourist zones), a big chunk of your purchase price may be land.And if more of your price is land…that means less is depreciable.Which means:smaller depreciation deductionsless impact from cost segregationless bonus depreciation than you expectedI’ve seen investors buy an STR expecting a huge write-off, then realize the land allocation killed most of the tax benefit.Before you buy, make sure you understand how much of the purchase is actually depreciable basis (building + improvements) vs. land.It’s not a deal killer — it’s just something you want to model before you close.For STR owners/investors: do you check the land vs. building allocation before buying, or do you only find out after tax time?

The expected rent i have calculating from square footage x1.5.

Crude oil futures topped $79 for the first time in a year.That pressure translated into a sharp selloff in stocks and higher Treasury yields, as markets pushed rate‑cut expectations further out.