Over time, some of those visits turn into longer stays, investments, or relocations.Now look at what’s happening on the ground.The former Fifth Third building downtown is being converted into a JW Marriott, adding a significant number of high-quality hotel rooms directly into the urban core.

Appreciate you adding this, Daryl — really solid game.The parts about carrying costs, permits, and cost of capital were big reminders for me, and I’m making sure I factor those in up front now.The street-view/neighborhood tip is huge too — I’m definitely going to be paying more attention to that when I’m analyzing deals.If you’re open to it, I’d love to learn more about how you size rehab or double-check ARV when you’re running numbers.

The extra cash flow that results when you don't have to pay taxes can be used to upgrade the property or purchase additional properties.

Should the 15.5% fee just be added as an expense line item to create a conservative proforma?  

The answer is not enough to make it worth adding the cost and the risk.

They tracked each renovation task and ensured there was no "specification creep" (adding upgrades or features that weren't in the original budget).Colors and styles: My clients and I visited new-home builders and saw the colors and styles they used in new construction.

I saw someone above mention considering an STR - turning it into a short-term rental can make sense if you’re looking to offset higher W-2 income, and even if it is an LTR adding it to your portfolio can help work toward REP status since management time counts toward material participation hours.

In a market like Huntsville, the MF numbers can look attractive on paper, but I think it’s still worth underwriting a few duplexes and 4-plexes conservatively and seeing whether the added complexity is actually compensated with better returns and downside protection.

I dont pay for any extras so can't speak of how useful the are.

Deal fundamentals over tactics - Spend extra time really understanding numbers, ARV, repair ranges...2.