The wait-list becomes a longer wait-list until states and localities allow them.If the trend for 2025 will be more ADUs as stated in On The Market podcast.

Lexington is a weird market with low occupancy, 90-92%, and there aren't many assets in the market.

Are there better markets or hybrid approaches I should consider (e.g., smaller multifamily properties that accept Section 8 tenants)?

I am proficient in investing and confident in earning 7-10% returns in the market over the next decade or two.

Congratulations on jumping into the STR market. 

What I love about them is they will even accept the higher lease amounts over the market rents if we can show first month's rent and security deposit.

Go off the % allocated via the county assessor's determination of market value?

Likewise, the same can be said for properties with in-law suites or finished basements.Have you considered or explored any particular ATL markets?

I've had smooth loans close with Kiavi and I've had rough ones, same with Roc.When Loans start to be troublesome:1) The borrowing entity docs are a mess2) The appraisal numbers are lower than expected3) Messy background reports4) Loans happening in an environment where market/rate fluctuating unpredictably 5) Your loan officer and their team are poor at their job6) Title issues that depend on county docs, that can be slow and painfulThere's more but it's Friday and I'm tired....

Turns out, the right marketing found renters who appreciated the quality and were willing to pay a premium.