Run the numbers and make sure the extra work would be worth the money. ( Now you have 2 or 3 tenants instead of one)3) Remember to add a risk premium to your new venture, whatever it is or how that looks like.

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Occupancy rates remained robust at 74.1%, outperforming the national average by 0.9 percentage points.Asking and Effective Rent (ADR and RevPAR)ADR for all tiers is projected to grow steadily over the next few years:- 2024: $193- 2025: $197- 2026: $200- 2027: $204- 2028: $209RevPAR is also expected to show consistent growth:- 2024: $155- 2025: $160- 2026: $163- 2027: $166- 2028: $169Upper-tier properties command a significant premium, with ADR forecast to be $233 in 2024, compared to $122 for lower-tier properties.

Even if it were more, you may end up with higher premiums and pay more over the long run.

Qualifying on rents covering expenses versus your income is a nice feature!

v=8QPipxwcGMg&feature=youtu.bePlease let me know if I can be of further assistance.

Now you can ideally monetize it's sell price with the added premiums of turn-key and seller financing, and as completed raising the sale price significantly creating sizable profit.

I've been a bigger pockets fan for years, I've even been a featured agent here in the past.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Our premiums are always pretty high due to our income.