In short consider the amount of hotels/STRs/major attractions near you.

Heloc’s are best utilized with a short term strategy, ie flx and flip, to BRRRR, etc.

You should look at AirDNA for information about short term rental in the area.

If you were to buy, let's say a three bedroom or four bedroom home and rent out the other rooms to other single people.If you were to get a short term rental, you would probably want to have somebody else manage it and right now your average short term rental isn't doing really well.

I plan to use two of the bedrooms for Airbnb short-term rentals.

Where we fit into the "turnkey" model is that our marketplace specifically focuses on newly built properties or renovated homes in good markets with property management in place so you are not having to try to self manage from a distance or build a team on your own.

Long story short, I have no primary home and the property the guesthouse is being built on is a LLC with 3 years remaining of 20k PPP.

New builds, new developments, plenty of rentals within driving distance of the city center, and there are still plenty of areas where a good eye for a rehab job will get you a good ROI.

Homes that will hit that 10% ratio as a short-term rental aren't easy to find anywhere in this competitive STR, market.

Another thing to add is the regulations, HOAs and Cities are imposing a lot of regulation on short-term rentals or rent by a room, I have seen some HOAs regulate the amount of people authorized to rent the property too.It requires to do a lot of due dilligence to begin with mainly in such big house.