I have been lurking the community for a while. Very intermittent, and now I have a new goal that coincides with life changes. My kids are transitioning to adults, I need to find a new place to live and will probably h...

You can try for a variance, but results vary by inspector, some investors have had luck using recycled asphalt or a thin asphalt layer to stay compliant at lower cost.

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.

Right now I am dealing with a project where the zoning variances for 18 condos and 12 townhomes conflict with the building code.

Hey everyone -- my name is Colin and I am looking to get back into RE investing.  For background, I used to wholesale contracts about 12 years ago in Dallas.  Combo of driving for dollars, distressed listings that wer...

I also spend over $30,000 on design fees and variances to build a 4  unit condo building on the parcel. 

I was heavily involved in this arena in the late 1970s until the mid 1980s, and again somewhat involved immediately after the 2009 debacle.

It was a far less burdensome process seeking the variance contesting two refusals vs. likely 70+ refusals spread across 26 separate applications. 

The one new construction multi-family that penciled for me was the result of a variance where I created significant value.

If you’re looking for a solid STR co-host in DC, check local Airbnb Facebook groups or the “Co-Host Marketplace” on Airbnb — lots of great local options there.Co-hosts usually charge less (10–20%) and offer flexibility, but you’ll stay more involved.