Depends if that’s what you’d like but I’ve seen clients pulling in 3-10x depending on the STR build out.

However, a major employer pulling out of the town your rental property is in could severely impact the rental market, cutting your rental income.

All of the above may or may not be a problem, but you need to think it through beforehand and, most importantly, have a very open family discussion before pulling the switch. 

Bonus that the rents are higher than the lower comps you pulled (double check because tenants shop around, so may be your comps were not equivalent). 

I may be able to help you secure a no-experience ground-up construction loan, even though lenders typically require someone with prior construction experience.If you're willing to reach out, I’d be happy to discuss the possibility of pulling some strings to get this project funded.

We'd need to pull permits to submeter the property, for example, and my understanding is it'd likely be denied due to not currently being to code.Has anyone ever dealt with this before?

Tenants began pulling down the smoke detectors and calling out the Licensed and Inspection agency to write up the properties for violations so I could not get my rental license.

I have a lot going on and between now up to 04/2025, I can pull the trigger.

I have a similar situation in Fairfield Co. and pulling out cash to 65% LTV across much of my portfolio.

A pull for sustainable and community-focused living might lower the risk.Who is pushing for that- and why are they pushing for it?