@Peter FirehockI live in the area inside the beltway and developed Oronoco and worked on Robinson Terminal South.

That perspective will help me focus on developing and reviewing statements tailored to the scale of my property.

It takes time to develop trust and credibility with potential investors, so don't wait until the last minute.

There is strong macroeconomics because of the growing population, job market, and the major companies moving and developing here.

Focus on STR-friendly areas like Newburgh or Highland Lakes, and use platforms like AirDNA to assess revenue potential.

Dynamic pricing tools like PriceLabs or Beyond Pricing can help boost your revenue by adjusting rates based on demand.

Because this property is located in midtown historic district of Sacramento, we feel there may be market for both MTR and STR, but first thing is we will target LTR and let 3 or 4 units filled in.When we first start developing this apartment from ground up, it was intended to flip and move on to the next project, with timing and interest rate etc.. we deiced to keep it as a cash cow for a while and see how things go.  

How many units are generally in a townhome development?

More like  2X to 5X the cash out.. these are done with builder developers on their deals So put out 300k get 300k back in profit plus the interest rate. most small builders/ developers need to have a equity partner so you just do both you lend the money and are the equity partner.. pretty clean..

For a more general philosophy on hospitality, especially if you are going into the higher end STR space I would recommend Four Seasons: The Story of a Business Philosophy by Isadore Sharp about the founding and development of the Four Seasons brand.