However, my income is inconsistent, with last month’s earnings around $4,000, this month expected to be about $3,000, and an average of roughly $2,000 per month.

I agree local institutions are a good starting point for financing needs like this, but I'd expect the bankers will be unfamiliar with the STR opportunities in the market.

Yes, you do get income on the other side, but the prices have bumped up so with interest rates and less inventory to buy, the net income is much less than a few years ago.You can still do it, you just have to factor that in and expect negative cash flow while you live there and then see how good it will be when you leave in a year and do it again.

Our society no longer views elderly as valuable contributors to society because everyone is expected to retire at 65 and wither away in a corner somewhere.

I expect a change in the White House and a better economy by summer 2025.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

I really learned a lot (this was my expectation). 

Costs may disqualify the opportunity even though in theory it can be converted.I believe its important to set expectations and if this is an 8 bedroom RSA5 home just as an example you very well could be looking at a building that's obsolete and again even if it is RM1, depending on the costs of the conversion, still potentially obsolete.

Many of our clients have done this and secured much better terms....EricThis spreadsheet decision is based on what you can afford and when you expect interest rates to fall.

If the internet service goes out during a storm for 3 days will they also realistically expect you to pay them?