Hey @Alex Huntington Welcome to BP!

In addtion to the typical 'SOLD' Comps, I also always run Comps on what is currently offered for sale.

It may pencil out if you're building an extra unit, but just a single bedroom is not going to work.

It sounds like you did the correct thing in contacting Airbnb.

Keep a close eye on the actual cost of rehabs and make sure your remodel stays in line with comps in the area to ensure profitability.

To clarify, this is a doublewide manufactured home on almost 3 quarters of an acre.

Quote from @Clive Duncan: I'm not sure if this forum is still active, but I'm looking to chat with a few real estate investors in Ontario who may be interested in raising funds by selling fractional shares of their property.My co-founder and I are doing some market research so we need to talk to some folks to gather more insights before building this out.If this interests you or someone you know, please reach out.

Back to the DTI, if you want a quick down and dirty way to do it, start with the bottom line 24 on the 2024 return, then add back in Depreciation (line 18), and possibly interest expense (lines 12 and 13) IF it's also counted against your debt in the liabilities section of the application.

I have a pretty large capital ready to step into this game,I am in big conflicts either choosing Ohio(Cincinnati/Dayton) or Texas(Houston) for BRRRR method, I read a lot about Ohio, only positive stuff.

Additionally, you may be planning on living in this future home for some time.