It is mindsets and philosophies like yours that bridge gaps, move mountains, and aid in the survival of itty bitty fishes attempting to brave predatory open ocean waters in the REI ecosystem.

STR comps is not like regular rental comps however as each STR business model is different and each host is different so getting data on someone else's success (or failure) as an STR owner is not necessarily indicative of what you might see.  

Overall though, eXp as brokerage, outside of the team model, is built for agents who are more independent and don't want offices or water cooler talk.

There are motivated sellers emerging and getting off the high horse of the previous sellers market and becoming more reasonable and willing to sell for a discount… heck I’ve got a flip listed that still isn’t sold, but, I’m not quite yet in panic mode it’s just my patience is being tested.But a CRASH???

Even that would feel way too low if the friend is called upon to make good on the loan.Let’s review what actually happens from the guarantors experience   if the loan goes into default and see if you think your friendship can survive it1.

**Clarify the Model**: Ensure your model is clearly explained and understood by potential investors.2.

But if you go super cheap, you won't get something that can survive tenant abuse and you'll just have a mess on your hands.So usually what I've found works is middle-of-the-road pricing, choosing the most durable option that can survive the most abuse.

That model is non-refundable options deposits.

So, with that in mind, when I have been running my numbers for rentals I have been doing the math using exclusively bust time rental prices, to make sure I can survive the bad times.

I would make sure you approved the model.