After  3.5 years we have permits for a 17 unit redevelopment project.We had hopes that we would break ground within a year of buying the property....that fell by the wayside for 2 reasons:1) we had worked with the city to increase density through an affordable housing scheme that did not go as planned.

Of course, if you do flip it you'll want to put in nicer finishes so that would increase your rehab costs and that needs to be factored in as well. 

For MTR, the best way to increase nightly revenue is to charge for pets!

There are other communities that would have better opportunities to cash flow.Although there is no guarantee of future income on any STR, I believe that 2025/2026 we will see a good increase in travel, mainly due to EPIC opening and the overall attitude of 'the people' coming off of the election.

We'll eek out a 10% cash on cash but will convert a half bath to a full bath to increase the value substantially.

I use the Bureau of Statistics to find figures for job growth and population increase.

I finally sold it for a small fraction of what I paid for it, but I was out from under the HOA fees and taxes which at about $1,700. per year, which is a sizeable sum for me, and as we know, these fees increase every year.Bottom line is, DO NOT purchase property there for an investment. 

This is with a 4.75% increase increase in occupancy. 

There might be Some exceptions such as you did a bunch of repairs/improvements which increased the value of your home .

I figure as the area is growing and there are more people moving to the area it will increase the values.