I’m not selling anything, and this isn't a launch—I'm just trying to learn and build something that actually solves real problems.The idea is to create a library of pre-built, professional-grade financial models (for rental properties, flips, BRRRR, etc.) that you can instantly use.

LLC or LP.🔹 The Domestic Feeder – U.S. investors put money into this vehicle, which then invests into the master fund.

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.

In short: $558k gross, ~9% cap, modeled cash-flow of ~$92k/yr with professional management (or ~$140k if self-managed), and conservative 5-yr after-tax proceeds of ~$1.4M.I’m sharing the math, assumptions, depreciation treatment, and the risks/opportunities I saw (value-add ideas, occupancy sensitivity, and market comps).

In short: $558k gross, ~9% cap, modeled cash-flow of ~$92k/yr with professional management (or ~$140k if self-managed), and conservative 5-yr after-tax proceeds of ~$1.4M.I’m sharing the math, assumptions, depreciation treatment, and the risks/opportunities I saw (value-add ideas, occupancy sensitivity, and market comps).

On one end, you have sponsors who attract institutional capital, family offices, private equity, or high–net-worth investors where the LP's often negotiate stronger terms and maintain greater control. 

I find it a bit odd no LP has even chimed in on that.

Quote from @Jeff Hamann: For finding new investments, if you're an accredited investor I'd suggest looking up GP-LP Match, run by Aleksey Chernobelskiy (he does a lot of LP advising services, he launched this free matching service late last year and I've heard good things though I haven't used it myself).Thanks for this recommendation!

What’s that say about Grocapitus and their business model. 

How could they raise their price if their competitor is increasing lolmany times, the syndicator exist because they get  paid for free by LP.