https://www.tryhoma.comThis model intrigues me quite a bit.

I did however use a well vetted calculator to model my version after so that I could double check what I was doing initially. 

The OP is operating a highly profitable business model, with returns significantly outweighing the risks.The risks originate from (1) purchasing without title insurance, (2) having to perform a quicker less extensive due diligence on subject properties than you would in a "normal" contract situation, and (3) since these aren't cash flowing stabilized properties should the market "shift" radically the buyer won't be able to use "time' to bail them out. 

I recently reviewed a panel discussion from Phocuswright featuring senior leaders from Airbnb, Marriott, and Casago, and it offered a clear look into where short-term rentals are heading.A few themes stood out:• Airbnb is building a broader hospitality ecosystem through services, experiences, and hotels• Marriott is expanding deeper into professionally managed homes with strict operating and brand standards• Arbitrage-heavy models like Sonder were called out as fragile in changing market conditions• The industry is moving away from “any door will rent” toward fewer, higher-quality, better-operated propertiesMy takeaway from this conversation:Short-term rentals are moving away from being just alternative lodging and toward full-scale hospitality.Operators who focus on quality, systems, local expertise, and guest experience will win.Those relying on thin margins, arbitrage, or volume without standards will struggle.How we’re implementing this in our property management businessInstead of chasing door count or volume, we’re doubling down on:• Property selection over scale, only onboarding homes that can meet hospitality-level standards• Operational systems, including standardized inspections, preventive maintenance, and guest communication workflows• Local expertise, with boots-on-the-ground teams who can make real-time decisions and recommendations• Experience-driven stays, layering in services, amenities, and curated local recommendations beyond just the stay• Owner alignment, working only with owners who understand that quality and consistency drive long-term performanceThe goal isn’t to manage more properties.It’s to operate better properties.Curious how others here are approaching this shift:• Are you adjusting your model in response to where the industry is heading?

Our practitioner-led model is specifically designed for these scenarios, providing the high-level expertise needed for complex M&A while maintaining a service-first approach.

Based on my experience working with real estate investor clients, opinions tend to differ but are generally consistent, mainly centered around: Knowledge/Expertise: provide proactive, year-round tax planning rather than just reactive, year-end filing.Responsiveness: answer questions promptly, reach out before deadlines, and are proactive, rather than reactive.Relatability: Most of our clients prefer working with us because we are real investors ourselves.For fellow real estate investors, what are your top criteria when choosing a new CPA or Tax Strategist?

Hello BiggerPockets Community!
I decided to join BiggerPockets after reading “Rental Property Investing” by Brandon Turner. While I have a background in both Finance and IT (which led me into roles in real estate ass...

Investors with workout expertise will find value in these opportunities, but timelines will be longer, and pricing discipline will be critical.3.

One thing I’ve seen repeatedly is that most underwriting mistakes aren’t spreadsheet errors - they’re assumption errors that go unchallenged.A few that tend to show up only after someone has been burned once:• Treating in-place performance as “temporarily bad” instead of asking why it exists and whether it’s actually durable• Assuming value-add execution speed without factoring in operational drag, leasing friction, or human error• Believing future upside will be underwritten the same way current income is - it rarely is• Underestimating how aggressively lenders normalize expenses, reserves, taxes, and insurance compared to investor models• Thinking a strong sponsor or guarantor can compensate for weak cash flow under stressAnother big one is timing.

I value the opinions and expertise of this community and appreciate any guidance on the matter.