Even successful and furnished properties often need a refresh and at least some additional reinvestment due to wear and tear. - Production: Typically STR production on the Oregon Coast is +/- 10% of valuation.

Most time you need a plumber to scope the drainline and report the condition.

@Alecia Loveless is correct--tenants need access 24/7 to their electric service panel, water and heat, assuming those are individual utilities for each unit. 

@Jason WrayJason,Thank you so much for your reply.

You need to determine the best route for each deal you do. 

Now, you need to figure out how to find deals and pay for them.

Our lender has informed us that we need 12 months of rental history to use the actual rent for financing purposes, or we must rely on the appraiser's fair market short term rental value.

There’s not much AirDNA data to go off, so my best guess is it’ll be tied to Savannah seasonality and around ~50-55% occupancy.

It's an amazing market here with so much incoming growth due to population growth, job growth, and companies moving/developing here!

Every bit of information helps as we begin this journey.Thank you so much, and we look forward to hearing from you all!