It is in leasable condition but has below market in-place leases.

Specialized policies, contractor recommendations, tenant screening, lease agreements, utilities, and exit strategies are also important.Good luck!

It appears the base zoning must allow for the creation of 3 units in order to lease a total of 8 bedrooms.

@Tanya Maslach Since it sounds like you're not really using a property manager - connect with whoever helped you purchase the property to see if they know of a leasing agent or showing agent that you could reach out to help hold the property open to tour at least once to twice a week for an 1-2 hour period on weekends. 

You want to see all of the leases, if there are any, and when they end.

The top chart below quickly shows you what the renovated, avg and distressed homes sell for in that area on a $/sf basis over time, so if you are estimating way over the top line, you instantly know something is off, maybe you have an outlier comp on your hands, etc.It doesn't have STR data, because any STR we build must also pencil as a LTR to avoid being upside down if it doesn't workout, so we use normal residential lease data when underwriting our rentals.As for forecasts on the market, I don't do any aside from the current Q trending % at the footer of the charts, and it's really just the current Q's average data/performance held constant and applied to the rest of the quarter (since not fully done with Q yet).

Those apartment complexes usually have an in-office leasing staff and don't use a Realtor.When I'm trying to price an apartment, I'll go to MLS first and pull those comps.

Here I have contact info, lease info, AC filter, trash day etc plus all the income and expenses.Then I have a Master tab that has all properties, so I have the big picture of gross rents received.

Most condos in the DC area require minimum leases of 6 or 12 months.

The only challenges you haven't mentioned is advertising for roommates, screening them and where to get a lease.