Do not rely only on AirBnB data....what if the owner got most of their booking from VRBO?

Should I take that data to mean that I could probably do just as well operating an STR here as I could in a vacation hot spot?

In this example, one will need to double rent (average annual increase of 20% for five years) to triple NOI assuming the dollar cost of expenses remain the same (which they won’t).To be clear, I am not predicting doom and gloom but increasing interest rates, potential recession and an increase in cap rates (from historical lows) is a legitimate reason for concern.

Bank's generally like to see leases and income data for investment properties but with AirBNB it's not as secured.

One data point for you. 

I thought I'd share some of the data I produced as it may help you in your evaluation of this market.West Michigan and particularly Grand Rapids is experiencing an inventory shortage of available homes to purchase and rent.   

Just make a post on BP about having $1MM to invest passively and check your DMs hahaIn all seriousness, I think that would be difficult data to collect, as there's no universal, aggregate dataset.

You can purchase data for the Blue Ridge area and it will compile rental comps such as average daily rates, occupancy rates, and other useful metrics based on the size of the property.

But historically raising 6-10% annually. 

As a generally novice MF real estate investor, I was wondering if folks typically used a single source for finding historical and projected rent trends, demographic info, etc.