Additionally, I created MEC (Material Estimator Calculator), a unique residential renovation software that automatically calculates a bill of materials (BOM) based on the property’s condition.Overall, I’m thrilled to escape the Seattle rain and connect with fellow investors here in Arizona.

I am of the opinion that the best STRs are properties that don't compete with hotels - meaning that they are 4-5 bedrooms for large groups or have a unique location/setting. 

College rentals are relatively expensive and come with their own unique challenges:1) Roommates not getting along2) No one cleaning or maintaining the property3) Weekend party damages4) Etc...While you are considering what to invest in, recommend you also figure out the property Class you want to invest in.Why is Property Class so important for investors to understand and apply in their investing strategies?

They know the law inside-out and protect you from bad renters or unique situations like the COVID eviction moratorium. 

Unique neighborhood and product within local market.

I have a spreadsheet I created for clients.

The $1,500/sq. ft. estimate seems reasonable since 4 Dewey Ln and 597 Beavertail Rd support that pricing.One thing to consider is whether any of the comps had unique features or lot premiums that could push their price per square foot higher than what your property might command.

With my background in hospitality and a drive to create exceptional guest experiences, I decided to take the leap.

What makes us truly unique is that we spend a considerable amount of time with each investor to help you develop and execute your investment strategy to achieve your goals.

In suburban Chicago, historical significance or celebrity ties might create a niche appeal, but they won’t necessarily drive up the home’s market value in the same way as location, condition, and local comps.For a short-term rental, though, it could be a great marketing angle—especially if the person is well-known and has a strong local connection.