For consumers, the affordability benefit is modest—monthly payments drop slightly, but total interest nearly doubles, slowing equity growth and potentially inflating housing prices without addressing supply constraints.

A few questions about the expenses:Cleaning & Maint: 3.1%Legal and Common Area: 1%Repairs: 2.8%Supplies: 1.0%Utilities: 16.6%Capex (appliances): 0.8%These expenses are very favorable, but also quite low for a 10-unit coastal STR.

.- My guess is they have enough funding sources and track record to be competitive in the marketplace, but ultimately supply and demand will dictate what they can offer

It covers expenses like supplies and small things and then it gets reimbursed back from the net payout to the owners so each month there’s a net payout summary with a check for the owner, which includes all the bookings in minus the fees, taxes, and Amazon Along with the commission I am currently just using Excel to do bookkeeping, knowing the entire time that once it grows, we’re gonna have to grow with it in terms of technology.

The advantage of Airbnb vs Hotels is that they offer more of an experience and immersion into the place where they are located, and if the property isn’t offering that at a high level it won’t stand out among the rising supply of listings.

Ethan,Houston offers a large supply of 2-4 unit properties which is ideal for you to use your DD-214 or COE to get 100% financing!

I will supply the air filters, can I put clause in to make sure the air filter is chaged once a month?

You could legitimately hire family members for property management or maintenance, purchase furniture, make renovations to take advantage of bonus depreciation, or even explore whether your wife could qualify for real estate professional status, which could allow you to deduct losses against ordinary income.With this many rentals, working with a CPA who specializes in real estate is really important and they can help you explore these strategies, maximize deductions, and structure your holdings in a way that supports growth while minimizing taxes.

And totally understand your frustration, that’s a common feeling in year one of running an STR, especially in high-cost areas like San Diego.From a tax perspective, the good news is that all those setup and operating expenses are deductible, including furnishings, supplies, platform fees, cleaning, repairs, and even a portion of utilities if you’re covering them.

To find real flippers and build a reliable team, lead with value and tight filters: define your flip box, then post and ask at local meetups, investor FB groups, and supply houses for intros to GCs, agents, and lenders who’ve closed multiple flips this year; run quick interviews, verify with photos, permits, and past HUDs, and start them on a small, time‑boxed task to test communication, updates, and workmanship before giving bigger scopes.