How To Run The Numbers On A Potential STR

[Lucas Schlund]

Hello all! I have tried finding post regarding this question but couldn't really find what I'm looking for. I'm new to STR's and was wondering, from a big picture view : How do you run the numbers on a potential STR? Any help is appreciated as I'm trying to get a better grasp on evaluating short term rentals including the steps you go about to finding your target markets. Also any book recommendations on STR's are appreciated.