Moreover, even if you can find a good mentor, their goals/priorities/style may not align with yours (in fact, there's a good chance they won't, especially since you're in the very early stages of figuring out what you want to do).Another issue: mentors typically expect something in exchange for their valuable time and expertise.

VRtrust did a trial but you really need to use it to see the features and I was t ready to commit until I talked to someone.

Great points, Jeff — and you’re right to highlight that the expense ratios are unusually efficient for a coastal STR.A couple of clarifications on the numbers:The current owner self-manages, which keeps cleaning and maintenance costs lower than a third-party STR manager would typically charge.Some of the repairs and CapEx were front-loaded in prior years (new flooring, appliances, and paint), so last year’s P&L reflects more of a stabilized-operations scenario.The utilities figure is accurate — it’s higher due to being master-metered for the property — but the other OPEX categories are slightly understated if you were to underwrite this as a fully managed, third-party operation.If I modeled it using a professional management assumption plus normalized reserves, the operating ratio trends closer to 48–50%, which aligns with what you mentioned for coastal STR multifamily.I appreciate you calling that out — it’s a great reminder of how much variance there can be between owner-operated and institutional-style expense reporting, especially in hybrid STR assets like this.Here's the owner's profit and loss statement for the exacts of the 2024 year.

Mailman may find a deal but wholesalers market and look all the time and they usually charge their fee and $500 is t enough for them but go to your local reia

They just live T get you to apply and paper appraisals.

Don't be afraid to continue with eviction, if it is allowed by your state L/T laws.3. 

There are comps in that price range to support that.For context, a brand new townhouse a 10 doors down and around the corner sold 2 months ago for 1.2 million at 3300 sqft, but it's brand new construction with a garage and is a nicer street (a street perpendicular to ours, i.e. a T shape)Ours is a 900 sqft townhouse, for our exit strategy I propose we perform a larger renovation in 5+ years and flip it.

I just finished a CCIM-style breakdown of a 10-unit multifamily near Myrtle Beach that recently traded.

I just finished a CCIM-style breakdown of a 10-unit multifamily near Myrtle Beach that recently traded.

That is in effect what you are doing when you allocate $0 for PM.Your maintenance/cap ex is far too low for 2 units (~4x low) if trying t allocate sustaining costs.