Are the anticipated upgrades counted as 'renovation' costs in my calculator, thus the property still cash flows, but the COCR takes a hit, or2.)

I do not have any 1 BR STRs/MTRs but I have seen annual STR rents based on bedroom count in both my market (San Diego) and emerald coast (one of the markets I have made offers) and the difference in the income is substantial between 2 BR and 1 BR.  

I was going to say, I wouldn’t count on too much appreciation with a view like this across the street hehe. 

It attracts a lot (4,000 at last count) of students. 

Also just the fact it was in the evening and I was already down for the count. 

I feel like a few items, like guest count, amenities, nightly cost would be pretty easy to manually snag data on but what about occupancy rate?

We've had a sustainable 'luxury' househack we raised our family in for the last 17 years and counting. 

Don't count it out!

That has to count for something.

I would look for small multi-unit properties with high bedroom counts.