Hi, I posted before too, please no copy pasted excerpts from articles.

Step #PhaseStep1DiscoveryTalk to experts and learn (process, tips, design tips)2DiscoveryCreate social media and document story3DiscoveryGeneral research - budget considerations, financing options, permits, regulations, tax considerations4DiscoveryMarket research - competitor analysis, analyze guest reviews, market trends5DiscoveryGather ideas/inspo (blogs, articles, youtube)6DefineCreate brand and vision7DefineCreate guest requirements (e.g. coffee maker, natural light, near activities, etc.) and prioritize must have, nice to have, etc.8DefineSketch idea for look and feel (architecture and design) - map out the floor layout9DefineConsult an architect (is this needed?)

And I would HIGHLY recommend to read this article I wrote for Bigger Pockets on how to find good lenders that you can find HERE.

I'd give this article by David Greene a read: https://www.biggerpockets.com/blog/core-four-real-estate-tea...

They work directly with agents and should have a good sense of which areas in town are "most popular" for placing residents and which aren't.

I have included a BiggerPockets article outlining BRRRRs and navigating leverage to scale your portfolio below.

I have linked a BiggerPockets article that goes over this method highl level.

Check out this BP article on BRRRRs and how DSCRs come into play for the refi portion.

Oregon is also an increasingly popular retirement destination, for primary and second home buyers that don't need to have STR permissions, the options and areas to invest are robust, and there is even high demand for upgraded and updated furnished mid term rentals to help off set operating costs.

Here are a few popular options for inventory management in the STR industry:Smartbnb: Smartbnb offers tools for automating messages to guests, but also includes inventory tracking features.