@Spenser Harding you are right on the money, and speak from the perspective of someone who has invested using a variety of methods + gotten in the trenches with a BRRR.

This is good to know as we map out our next steps.

However, we understand that the STR model may not align with everyone’s goals, and we respect your decision to step away after a year.

Payment methods, tax collection etc.

It’s all about taking that first step!

There is no 'per square foot' method that is accurate....At least until you have quite done a few.... 

You can sell on financial method because there is such short demand there is all but no comp's to use for comp method, and if selling as turn-key, yup, financial method will be your friend for sure. 

They make money on every step of the process, and there's a lot of incentive for them to exaggerate what your returns will be.

I ultimately obtained a variance to build 12 townhomes and 18 condos reliant on my hardship case and by agreeing to take responsibility for replacing the retaining wall in a re-designed terrace approach that stepped the wall back from the most immediate neighbors which was a rounding error once applied to the overall project budget.

It won't be perfect of course, but it will be a step up from the laissez faire system (or lack thereof) that we've been using in the past.