Is this a common theme?

In STR common markets like Gatlinburg this naturally adjusts itself as most homes are STRs so the entire market lifts to meet their cap rates, and they appraise on those cap rates in spirit, even if not technically. 

Another common challenge is the tenant quality.

I am planning to convert the living room in the property to bedrooms and want to use the garage as common space (have a pool table or a Foosball table, a couch etc).

Seeing a $100-300 increase on a single unit is common in NJ.  

No way, unless you're talking about a multi-family common area.

After literally years of looking (since 2022) I bought my first property a few months ago, so I feel extremely qualified to give advice (many people earned lots of equity during the pandemic appreciation-boom if they bought before 2022, but out-of-state investors getting started AFTER the 2022 interest rate hikes are few and far between). 

Car washes are extremely profitable, too. 

Hi Kwok,From my experience, it's really common to have to expand your search for comps, either by looking for more than 6 months back or by going more than a mile out.

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