Converting 1900's one room schoolhouse to STR question

[Eric Sebast]

Hey all, we are just about to close on our first BRRRR property that is a 1900's one room school house. Its about 850sq ft, and besides two small (probably about 5'x5') rooms when you first walk in on both sides (where the front windows are) it is one big open space.

We were planning to wall off the back, and put the bathroom on one side, single bedroom on the other, and then leave the rest as an open space for the kitchen/eating/living space. But now I'm thinking we may want to do 2 bedrooms somehow to increase our pool of renters... Thoughts?

We are planning on doing the bathroom and kitchen higher end, as well as keeping everything as close to period as we can so it doesn't loose its charm. 

Link for the listing is: https://www.adirondack.net/rea...

[Gale Golden]

I have an STR in the ADK and I find LOCATION is HUGE for getting a good return. I also am familiar with Amsterdam and not sure what the attraction would be although your property itself is unique. I think you need to define who your customer is…what attractions are you close to…why would you visit there? Close to Casino maybe? You are getting a great price but also probably putting in the same amount. Have you run numbers on AirDNA or STR Insights to confirm this will be viable for STR?