@Chris Berezansky sounds like a cool project, what is the ask here? 

As seen above, average rates were in the 6.5% range and projections for both MBA and Fannie showed projected higher rates before they came back down.

After owning the property for 1 week and putting in a lot of sweat equity, I've concluded that I want to keep the Inherited tenants based on the condition of their living space and the quality of the people, Knowing I want to keep them to save myself the headache of a  turnover and vacancy of a projected move out If I were to suddenly increase rents. 

The project was managed by one of my property managers for a 10% fee.Leasing and Property ManagementWith renovations complete, the property was ready to be leased.

I suspect it was a part of their process to change the electric utility as close to the projected move out date, but the tenant never moved out.

An appraiser likely won't be able to value a 1-4 unit property based off STR rents (whether projected or actually incurred), and if they are, the lender won't lend off said valuation for their applicable value (value they're lending off of). 

Paige, this sounds like an exciting project!

Morning!  I'm not a real estate investor, but I like learning. I'm currently reading David Greene's book on BRRRR and was curious about how you all go about planning or visualizing added rooms to potential purchases. ...

Used those extensively and on big projects multi millions. then you had a redemption date usually 30 to 60 days.

Quote from @Paul Dashevsky: Just finished my SB9 and ADU project in Los Angeles (San Fernando Valley).