I see that we connected two years ago but I'm not sure if we connected more recently.  

Usually 3 years from the date of closing.

I think initially it makes sense to find properties that already have finished basements, in-law suites, etc. as converting those spaces to ADUs will be inexpensive and create a significant amount of rental income ($2,000/month+ in most areas close to the city).

Florida and Louisiana follow closely, while New Hampshire is the cheapest.

I'm definitely interested in your connection!

If you ever are interested in a more affordable market I'd love to connect on what the Midwest has to offer!

Would love to hear your thoughts—happy to connect!

We are also close to pulling the trigger on acquiring another nearby single family home for a second STR.

I would think this model works best if the property is close to you.

Since you estimate a resale value of $200-215K and renovation costs of $60-70K (although you said that's on the higher end), your margin is tight, especially considering closing costs, realtor fees, and unexpected expenses.