Pros Of Long-Term Rentals:Stability and Predictability, Lower Turnover CostCons Of Long-Term Rentals:Reduced FlexibilityPros Of Short Term Rentals:Higher Potential Income, FlexibilityCons Of Short Term Rentals:More Intensive Management

I am figuring out what I want to build next that will have the best equity play but still crush as a STR.

I'm curious to hear how it played out.

It's almost always worth owning a house in a very good area, very rare it's not worth it.Making it a STR is just a hospitality play, the underlying value is the asset.  

The play is a 3 to 5 year hold, raise rents to get the valuation up to 600K and liquidate to 1031 into another investment.

I think that would play a big factor in how I would respond. 

It just means landlords and tenants play the game of making the bedroom look not like a bedroom during an inspection.

Seems to me BP is justs following the same play book as Zillow RE leads..

so, whatever the comps that you need to target are - you go for thosein terms of getting desired rents, certainly finishes will come into play a little bitand then of course you want a safe, high quality rentalone thing to note that is not often pointed out is that, with a BRRRR, the higher you boost the ARV, the higher your mortgage payment is going to be and the lower your cash flowso a few things to consider herehope this helps

---However, once you convert a space, like a basement, into a separate livable unit with its own entrance, that’s when ADU regulations come into play.