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.

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).

They’re constantly pivoting, but never planting roots long enough to build any real traction.The Spreadsheet Samurai – Armed with 18 tabs of projections, sensitivity analyses, and waterfall models, this investor can model a deal six ways to Sunday.

Consider using an addendum to address these issues.Tenant acknowledges and agrees that (1) tenant assumes responsibility and liability for any injuries or damages that may occur resulting from or caused by the furniture or the use thereof; (2) Landlord shall not be liable for any damage or injury to persons or property caused, directly or consequentially, by the furniture or use or misuse thereof; (3) tenant assumes the risk of injury or damage by any unknown furniture conditions; (4) Tenant shall properly warn any persons on the premises of any actual or potential dangers relating to the furniture; (5) no person other than the tenants and authorized occupants and guests may use the furniture; (6) the furniture may not be transferred, leased, or sold and shall remain in the premises; (7) the permissive use of the furniture is not a right granted to the tenant and may be revoked or altered at any time by Landlord; (8) Tenant shall immediately notify Landlord in writing of any actual or suspected dangerous conditions that exist or may develop as a result of the use or misuse of the furniture; (9) tenant shall not use any furniture, nor allow the same to be used, in a manner not intended by the manufacturer and in a safe manner; (10) Landlord shall not be obligated to provide, maintain or supply any other furniture to the tenant; (11) tenant shall not make any modifications or alterations to the furniture; (12) tenant shall hold Landlord harmless and indemnify the Landlord for any injuries or damages suffered to tenant, his or her guests, family, invitees, occupants and any other person present with or without the permission of the tenant, arising out of the use or misuse of the furniture;(13) tenant shall properly keep and maintain the furniture and is responsible for any damage caused to the same, including but not limited to removing stains, cleaning, and repairing; and (14) if the Landlord sells the property, Landlord has the right to remove all furniture upon and in anticipation of closing of the property.

Material prices have continued to rise, particularly mechanical/plumbing supplies, but it's been gradual and no changes within reasonable rehab life cycles that are truly profitability altering.

Perhaps Robert is, of course, not using an alter ego to solicit capital, and is not the person in the picture posted, someone apparently so wealthy they can discard wads of cash in a highly interesting setting. 

These changes don’t involve physical alterations to the property but instead adjust how housing services or policies are administered.Examples of Reasonable Accommodations:Allowing a service animal or emotional support animal in a “no pets” community.Providing a reserved parking space closer to the resident’s unit for someone with mobility limitations.Permitting rent payment by mail or online for a resident who has trouble visiting the office.Extending rental deadlines temporarily due to hospitalization or disability-related delays.Landlord Responsibility:Landlords must approve reasonable requests that do not create an undue financial or administrative burden.Requests should be handled promptly and confidentially.You may request verification of the disability or need for the accommodation (especially if it’s not obvious), but you cannot ask about the details of the disability itself.Tenant Responsibility:The tenant must make the request (verbally or in writing) and explain how the accommodation relates to their disability.The tenant must continue to follow all lease terms unrelated to the accommodation.What Is a Reasonable Modification?

For those of you raising capital, how are you structuring your deals? Traditional syndications and SPVs (Special Purpose Vehicles) both have their advantages, but the right choice depends on the deal structure, invest...