When rental demand dips they suffer with placing tenants or forced to play a game with who can charge the least in the area.  

If you haven't bought or sold any real estate recently, the new rules in play may leave you wondering how this may impact your financial responsibility in the transaction. 

Back of the napkin analysis (or BP calculator) make a conservative offer and see if the seller is willing to play ball.  

What happens with the economy over the next 6 months plays into our decision as well.

Adam, I am vaguely interested in BRRRR to vacation rental in cottage country to play the long term appreciation game.

Rates/pricing has to play a part of course, BUT knowledge and responsiveness is actually more important. and to answer your second question, well, look at my last sentence for the answer. 

At 36 years old, I bring a passion for football and music into my daily life, which keeps me motivated and balanced.I’m eager to connect with fellow investors, share insights, and learn from each of your experiences.

@Rob Ibarra Converting non restaurant space into restaurant space can be fairly costly from what I understand due to the need for larger than standard water lines to service the building and a general need for grease traps and other restaurant specific infrastructure.My first question around going from abandoned auto shop to kitchen is zoning, could you even get the use approved, and then are their any environmental factors in play? 

Play with this calculator  https://www.nytimes.com/interactive/2024/upshot/buy-rent-cal...

Then think about if the property itself is a good candidate - this is the hospitality industry, principles of desirablity come into play.