STR Property Types Playbook

Core sections:

1. Rental Arbitrage
   • Lowest ownership barrier
   • Fastest to start
   • Highest lease risk
   • Best as a cash-flow launchpad, not the final destination
2. Buy a Flip Home and STR It
   • Buy distressed
   • Renovate
   • Furnish
   • Operate as STR
   • Refinance once value and income support it
3. Build or Buy Duplex / Multi-Unit
   • More doors on one parcel
   • STR one side, MTR/LTR the other
   • Better exit options
   • Cash-out refi potential after stabilization
4. Premade Tiny Homes
   • Lower unit cost
   • Faster deployment
   • Strong guest appeal
   • Possible manufacturer waitlists, site-work delays, zoning issues
   • Profit shifts fast when the unit cost is only $50K–$100K and financing is manageable
5. Build Tiny Homes
   • More control
   • Better branding
   • Higher complexity
   • Land, utilities, permits, septic/sewer, roads, and zoning matter more than the tiny home itself