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.

Setting up an LLC is more about privacy and liability protection than saving on taxes.For your first deal, it’s usually fine to buy in your own name, especially if you’re using a traditional mortgage.

As long as the big items check out and the numbers still make sense, that’s usually the point where it’s okay to move forward.For the Dayton/Fairborn area, the main things I’ve learned to double check are the condition of the mechanicals and any older electrical or plumbing.

More people I talk to are looking for equity partners instead of going the traditional loan route — especially in this high-rate environment.As someone who helps investors secure funding, I’m starting to feel more like a matchmaker than a broker.

Ditto with all other due diligence expenses that are not paid as a line item on the HUD-1, but prior to closing.

Financing MF with traditional financing will require 25-30% down and typically require experience or greater down as they view it as risk.

Build your rehab budget before you submit the offer.Walk the property on FaceTime, get a scope, and get line-item pricing.New investors lose the most money on underestimated rehabs, not bad ARVs.4.

Nor can you expect a house that needs full sourcing including exterior backyard development, to a fully outfitted game room — to be $100.STR Designers are vital — we bridge the gap with real estate acumen, professional design (and yes we are different than traditional interior designers!)

I use a spread sheet to itemize income and expenses.

In today’s market, traditional loans just don’t move fast enough.Private lending options — like DSCR, Fix & Flip, and Bridge Loans — give investors the speed and freedom they need.What’s your go-to lending strategy right now?