Firstly, currently buying seems more expensive than renting in hot markets.

If I didn't get a switch initiated in time for an STR guest's arrival, I could put myself in hot water.

I've identified a promising opportunity: a 40-unit multifamily asset with significant value-add potential. The seller is seeking $3.5M with an assumable loan. Key details:
- Existing debt: $2,038,000 at 3.8% with 7 y...

It has a hot tub on the property as well but not sure of the condition and hasn't been used in years.

I don't know what the ratio is, I'm just pulling that number out of thin air.

A: "Oh, I don't actually live here, I'm just staying here for a few weeks with a friend"A: "The seller just asked me to stay here because people kept breaking in and vandalizing the place, that's why the appliances are gone"A: "I love all the neighborhood pets, but I absolutely hate the business next store because their air conditioner squeals when it runs ALL SUMMER!"

I've seen plenty of people add small kitchens for Air BnBs so I assume it is.

That's what I think a fair price is.It does depend on how far it is to the roofing supply store, how far it is for the workers to travel, if there's any rotting wood that needs to be replaced and how busy they are (busier = higher profit).You could buy a couple ladders, a compressor, a 100ft extension cord (14/3), 50 ft of rubber air hose, a roofing nail gun, a caulk tube a couple shingle removers and pick up some day laborers who know how to roof. 

Northern Ky has some great potential, with growing population and more jobs (huge amazon distribution) as well as STR hot spots (Ark and Creation Museum), Northern ky should be put on the map as well.

I joined as a renter to check it out it and saw a property from American homes 4 rent, it seems similar to hotels and air bnb.