Here’s a good starting point:Identify Your Target Market: Mid-term rentals typically cater to groups like traveling professionals, digital nomads, or people relocating for work.

Affordable Housing Focus: Expanding programs to increase housing availability, particularly targeting urban rental affordability2.

I got helped of a good amount of start up funds to get started... which gave me insight on a target month to start. 

@Leo Szac if you do consider Detroit, which of the 183 Neighborhoods will you be targeting & why?

I think it also depends on the class of apartment you have as well and who is your target tenant. 

So you then you could extrapolate what interest rate would be needed at that time to hit your minimum targeted return if you did not want to sell but refi.I find with STNL 3 million and below lot's of cash buyers so they are not as affected by interest rates in the market as the buyer is not using debt for the purchase.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

The Small Business Administration (SBA) offers a comprehensive guide to writing a business plan, which includes templates and examples that can help you get startedFor your marketing plan, consider identifying your target market, setting clear marketing objectives, and outlining your strategies for reaching potential tenants or buyers. 

If the returns are so good I would assume they could target higher net worth individuals, and the fact that they cobble together a bunch of beginners $50k investments is a red flag for me.3.

Hi @Christopher Winkler since it is a performing note, it should be priced at target annualized return.