I see a lot of beginners bury these in rehab or closing costs and leave money on the table.3.

The total project cost through opening is $800,000, broken out as follows:-$150,000 white box-$160,000 liquor license-$110,000 sprinkler system and new hood-$106,000 kitchen and bar equipment-$140,000 fit out-$40,000 tables and chairs-$90,000 critical-path items to openingI was already prepared to invest $200,000 towards fit out for a proven operator.

Hey Aaron, welcome to the game.

I've been told that investors do this to keep crews busy or using cash, but still seems like a big amount of $ to tie up for riskier smaller gains.....I've sent out around 100 mailers to off-market so its just a waiting game as far as those are concerned.

Feel free to throw in any other game changing self managing pro tips while you’re here 😊😊😊

Quote from @William Thompson: One thing I’ve noticed working with a lot of investors is this:People spend a ton of time researching markets, strategies, and financing…but almost no time building the habits that actually keep their portfolio healthy long-term.Here’s the simple truth:Your systems will make or break your growth.Not the market.Not the deal.Not even the interest rate.I’ve seen investors with average deals but great systems outperform people buying in the best markets with none.Things like:Keeping clean booksTracking expenses in real timeReviewing your numbers monthlyHaving a game plan before tax seasonThese aren’t exciting, but they’re the difference between “I think I made money” and “I know exactly what’s working.”Real estate is more forgiving than most businesses… but eventually, disorganization catches up.The investors who last are the ones who treat it like a business early — even when they only own one door.What’s one system or habit that’s helped you stay organized as your portfolio grows? 

I’ve been looking at different STR models lately (not Hawaii specifically), and one thing that keeps coming up is how big of a difference the marketing side makes compared to traditional PM.A couple things I’ve noticed from other investors’ experiences:• Direct booking + strong branding can make a huge impact in high-end STR markets• Relying fully on OTAs (Airbnb/VRBO) in luxury areas usually leaves money on the table• Having solid boots-on-the-ground is huge — not just for cleaning/turnovers, but for fast response times, quality control, and protecting the guest experience• Areas with high traveler expectations tend to reward hosts who manage the “guest journey” themselvesBreak-even cash flow being important makes sense, especially with Hawaii’s pricing and regulations.

I am looking for the tenant to have skin in the game and hopefully not be evicted nor trash the place, in fear of losing "their" house.The model I am considering is a standard lease and a low cost, non refundable fee to purchase the option.  

If inflation cools and jobs stay soft, another rate cut in December stays on the table — but nothing’s guaranteed.💼 Job Market: A Slow October FinishADP’s private payroll report showed 42,000 new jobs in October, but their new weekly data suggests companies cut roughly 11,000 jobs per week late in the month.👉 Bottom line: The job market’s losing some momentum.

-How did you assess execution ability vs. just talking a good game?