My favorite line right now is, "if I could get anywhere close to what the book says when I sell them-I would be so rich that I would be retired in Jamaica right now and we would NOT be having this conversation!"

Here are my estimated numbers:$5,000 capital improvement$50/mth or $600/year in additional cashflow$50/mth or $600/year in reduced gas billCash-on-cash return of 24% ($1200/$5000) Appreciation based on 8% cap rate is an additional $15kMy question is this: Why is no one making this upgrade/conversion?

and be sure to set up some Keyword Alerts for words like "Louisiana" or "rent to own" so you can pop into the conversations that matter to you!

There are a few other regulations but from what I’ve read and the conversations I have had Rockaway and Tillamook are not currently limiting STR supply like Lincoln City or even Pacific City.

I want nothing from you but a nice conversation.

It’s not sexy, but if you call and take detailed notes of all of your conversations …you will develop a baseline knowledge to expand on which will only help you in estimations!

Hope to hear from you again, and look forward in our future conversations!  

Purchase price: $366,000 Cash invested: $87,000 House Hacking / Live in Flip / New ConstructionAsking Price: $370,000Main House Rehab: $12,000VA Loan 0% downPITI: $2080Main House Rent: $4000* ATTACHED 615 SQFT ADU BUILD (OWNER BUILDER) *2 Bed 1 Bath, Washer & Dryer, LARGE Private yard and Entry.Grand Total Cost to Build: $50,000 (Plans, Permits, Construction, Fees, Etc.)ADU Rent: $ 2100* 488 SQFT JADU (GARAGE CONVERSION) (OWNER BUILDER) *1 Bed 1 Bath, Grand Total Cost to Build: $25,000 JADU Rent: $1500 What made you interested in investing in this type of deal?

Since short-term rentals in the US could become over regulated or downright illegal (where they aren't already), the resulting cash flow and profitability could drop hugely if not becoming downright negative in case of a conversation to long-term rental.

Clear/clean layouts are the way to go- Have a competent GC who has done conversion jobs like this.