Basically, we look at the same things we used to in banking, but we do things that "make sense" and can be more aggressive than we could be in banking.

A lot fewer projects got started the last couple of years, and that’s starting to show up.Jobs still drive housing demand.

For our FLIP projects, we are usually using a Hard Money Lender for 80% of the purchase price and 100% of the rehab cost (on a draw schedule).

For example: Focusing only on licensable STRs will save a lot of expense, effort and heartache and having on the ground support for projections, evaluation and assessment are often the difference in identifying or proceeding with an acquisition.

Some basic things to look for- Does the service only offer up to a certain number of phone numbers or email addresses like 3 or 5 of each.  

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

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.

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? 

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